$ETH This is the final round of pullback before the mid-term elections!
Looking back at history: in the first three times ETH touched 2600 and 2800, the subsequent pullback fell to the 2100–2200 range. But the starting points of those market runs were far lower than they are now, and the BTC market prices were not on the same level. History can’t be copied over directly.
This current consolidation cycle is longer. The bottom is being raised. ETH’s maximum potential pullback range is locked at 2300–2400—this is already the worst-case scenario, and it may not even drop to that level.
The main players’ strategy is now very clear: they want to shake out holders, while not giving latecomers who fear missing out a chance to buy in at a low price. The price won’t crash deeply. Instead, it will keep grinding people down repeatedly at low levels, draining patience.
As for the altcoins, there’s no need to panic. They already completed the downturn earlier, so the remaining downside is limited.
For friends holding ETH long positions: if your liquidation level is set too high, you can trim your position a bit. You can recover once you capture the next ~5% swing. Keep the contract strategy flexible—avoid going all-in with an extreme entry/exit.
Looking back at history: in the first three times ETH touched 2600 and 2800, the subsequent pullback fell to the 2100–2200 range. But the starting points of those market runs were far lower than they are now, and the BTC market prices were not on the same level. History can’t be copied over directly.
This current consolidation cycle is longer. The bottom is being raised. ETH’s maximum potential pullback range is locked at 2300–2400—this is already the worst-case scenario, and it may not even drop to that level.
The main players’ strategy is now very clear: they want to shake out holders, while not giving latecomers who fear missing out a chance to buy in at a low price. The price won’t crash deeply. Instead, it will keep grinding people down repeatedly at low levels, draining patience.
As for the altcoins, there’s no need to panic. They already completed the downturn earlier, so the remaining downside is limited.
For friends holding ETH long positions: if your liquidation level is set too high, you can trim your position a bit. You can recover once you capture the next ~5% swing. Keep the contract strategy flexible—avoid going all-in with an extreme entry/exit.