Last night's ETH movements, to be honest, left many people confused. From a direct drop from 4950 to 3400, then a rebound to the middle of the range before turning down again, with a short-term low of 2620 that just happens to correspond to 1.5 times the extension level of a range... This sequence of moves feels like a psychological game with the market.

Technically, it's actually quite clear, but when it comes to actual trading, there are always some stubborn issues: Is this breakout genuine or just a false signal? How much space is there for a rebound? Can the support levels hold? Even more critically, even if the direction is correctly judged, high on-chain transaction fees and network congestion can eat up a large portion of the profits.

Recently, I have been exploring some alternative solutions and found that some new-generation public chains have made significant improvements in trading experience. Take Injective as an example; its design approach is quite interesting and can effectively address the pain points mentioned above.

**Trading is instant settlement, with minimal delay**
It uses a native on-chain order book model, where trading and settlement happen almost simultaneously. This means price fluctuations better reflect the true battle between bulls and bears, avoiding the strange "needle" or false breakouts caused by network lag. The candlesticks you see are genuinely formed by market activity.

**Gas fees are near zero, no burden on strategy execution**
Whether you’re doing short-term trading like high-frequency buy and sell, or running grid strategies that require frequent placing and canceling of orders, you basically don’t need to worry about fees on this chain. This allows you to focus entirely on the trading logic itself, rather than calculating costs before each order.

**Comprehensive derivatives tools, not limited to spot trading**
While ETH spot trades may be bouncing within a range, the derivatives market might present more opportunities. The Injective ecosystem already offers a quite rich selection of derivatives, and you