ETHFI’s current market view makes me think of an old saying: prices may be lively, but that doesn’t mean opportunities are cheap. It’s down 5.20% right now—going in to buy would be betting on the continuation of expectations, not buying after the move has already happened. I’ll first ask myself how much drawdown I can tolerate, before talking about whether I’m bullish or bearish. I’ll keep observing for now.

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