Looking at the 4-hour chart for ETH, I can't help but marvel at this price action—it’s taken fake breakouts to the extreme. From $1820 at the end of July all the way up to $2806, that first magical rally was something else. Then came the long, grueling sideways consolidation, which finally led to a breakout. The second rally followed a similar pattern. I managed to catch both waves, making a small million and several hundred thousand in profits, but for the third one, I closed near breakeven after getting shaken out by the fake breakout a few days ago. Currently, I’m not holding any positions! Now, the third major decision point is approaching fast. The battle between bulls and bears is heating up. Resistance above is at $2806—if it breaks out with volume and holds, we could be looking at $3000+. Support below is at $2600—if it breaks down, we might test $2400 or even $2200. It’s all about which direction it chooses! Before the main uptrend, these consolidations are bound to come with countless fake moves. A lot of friends have had their capital and mindset crushed during this phase! If your mindset is breaking down, make sure to take a break and reset. Opportunities are always there, but capital is limited. Maybe check out the insights recorded in Fenghuo Notes to steady your mindset a bit.