【If ETH Breaks Below $2000, Who Will Be Panicking First?】
Seriously, when I saw the figure “a 49.3% drawdown from ATH,” my first reaction wasn’t analysis—it was remembering how, back in 2021, my fellow “value-investment” brothers in my account used to talk: “It’s already down by half—where else can it go?”
And what happened? After one halving, it got halved again.
But this time is a bit different. I’ve seen that 49% drawdown range before. Some people bottom-fished there and ended up losing terribly, while others built positions there and made big money. What’s the difference? Position management. During the 2021 bull run, when I suddenly got rich, I thought I had figured out the market’s rhythm. But it was really just good timing and good luck. This time, I won’t claim I understand—yet I did learn one thing: in this range, it’s not that you can’t enter, it’s that you should scale in. Don’t go all-in at once.
As for my outlook for this week, I’ll admit I’m a bit uncertain. At the start of the week, I thought ETH could push up to test the resistance at 2609. But BTC held at 79,000, and ETH and SOL actually dropped instead. I noticed the $36 million DeFi liquidations—just a slight move and people get liquidated. In this environment, expecting ETH to rise independently?
Next week, I’m watching two levels. 2384 is support, and 2609 is resistance. I’m betting it chops around here. A breakout upward would likely need BTC to lead; if it breaks down, it may test around 2300. But if it really drops to 2300, I’ll consider adding in batches—not because I think it can
Seriously, when I saw the figure “a 49.3% drawdown from ATH,” my first reaction wasn’t analysis—it was remembering how, back in 2021, my fellow “value-investment” brothers in my account used to talk: “It’s already down by half—where else can it go?”
And what happened? After one halving, it got halved again.
But this time is a bit different. I’ve seen that 49% drawdown range before. Some people bottom-fished there and ended up losing terribly, while others built positions there and made big money. What’s the difference? Position management. During the 2021 bull run, when I suddenly got rich, I thought I had figured out the market’s rhythm. But it was really just good timing and good luck. This time, I won’t claim I understand—yet I did learn one thing: in this range, it’s not that you can’t enter, it’s that you should scale in. Don’t go all-in at once.
As for my outlook for this week, I’ll admit I’m a bit uncertain. At the start of the week, I thought ETH could push up to test the resistance at 2609. But BTC held at 79,000, and ETH and SOL actually dropped instead. I noticed the $36 million DeFi liquidations—just a slight move and people get liquidated. In this environment, expecting ETH to rise independently?
Next week, I’m watching two levels. 2384 is support, and 2609 is resistance. I’m betting it chops around here. A breakout upward would likely need BTC to lead; if it breaks down, it may test around 2300. But if it really drops to 2300, I’ll consider adding in batches—not because I think it can