$ETH
Last night, the most exciting thing on the Ethereum order book wasn’t how much it was up—but how many people had just gotten out at a loss.
First, the Fed’s rate hikes, and the CLARITY Act stalled—market sentiment cooled all the way down.
In the group chat, people started shouting:
“Ethereum is done.”
“Not even 2600 can be held.”
“Go short and wait for it to keep dropping.”
At that moment, many people felt like they finally understood the market.
But the market, as it turns out, loves to stir things up right at times like this.
Ethereum soon returned to around $2,600. Shorts were forced to cut losses, and the mood slowly shifted from panic to regret.
What’s hardest isn’t the drop—it’s the fact that the moment you sell, it starts to rise.
But I think what’s truly worth pondering this time isn’t this single candlestick.
On September 17, the U.S. SEC rolled out an “Innovation Exemption,” allowing eligible platforms to explore tokenized stocks through on-chain transactions.
This means traditional finance is trying to move more assets onto the blockchain.
And Ethereum is precisely the kind of foundational infrastructure you can’t avoid in this on-chain finance world.
So the question is:
What we’re seeing right now with Ethereum— is it just one coin, or is it part of the on-chain future of finance?
Of course, regulatory moves don’t mean Ethereum will take off overnight, and a short-term bounce doesn’t automatically mean a trend reversal.
But after trading for years, I’ve become more and more convinced of one thing:
The real regret is never just not buying at the absolute bottom—it's panicking and throwing away the last remaining chips in your hand.
As for where it goes from here?
The market will answer.
But tonight, don’t rush to finish writing the script.
Last night, the most exciting thing on the Ethereum order book wasn’t how much it was up—but how many people had just gotten out at a loss.
First, the Fed’s rate hikes, and the CLARITY Act stalled—market sentiment cooled all the way down.
In the group chat, people started shouting:
“Ethereum is done.”
“Not even 2600 can be held.”
“Go short and wait for it to keep dropping.”
At that moment, many people felt like they finally understood the market.
But the market, as it turns out, loves to stir things up right at times like this.
Ethereum soon returned to around $2,600. Shorts were forced to cut losses, and the mood slowly shifted from panic to regret.
What’s hardest isn’t the drop—it’s the fact that the moment you sell, it starts to rise.
But I think what’s truly worth pondering this time isn’t this single candlestick.
On September 17, the U.S. SEC rolled out an “Innovation Exemption,” allowing eligible platforms to explore tokenized stocks through on-chain transactions.
This means traditional finance is trying to move more assets onto the blockchain.
And Ethereum is precisely the kind of foundational infrastructure you can’t avoid in this on-chain finance world.
So the question is:
What we’re seeing right now with Ethereum— is it just one coin, or is it part of the on-chain future of finance?
Of course, regulatory moves don’t mean Ethereum will take off overnight, and a short-term bounce doesn’t automatically mean a trend reversal.
But after trading for years, I’ve become more and more convinced of one thing:
The real regret is never just not buying at the absolute bottom—it's panicking and throwing away the last remaining chips in your hand.
As for where it goes from here?
The market will answer.
But tonight, don’t rush to finish writing the script.
