Ethereum's decline hasn't ended? Will Ethereum definitely drop below $1000 this year?
Ethereum's decline from 4100 to 1385 has been rapid, unexpected, and exciting.
It has basically wiped out all those fearless long positions, with none spared.
Especially for those who previously said the bull market was here, that they could make money on anything they bought, those who were forced to buy Ethereum have seen their faith completely collapse in this round of decline.
However, in my view, if we judge that the current background trend is a bull market, then the more such rapid drops occur, the more it indicates one thing: it is too valuable.
Only investments that are truly valuable will cause the main players to go to great lengths, as both dumping and pumping come with costs and risks; you can't just dump or pump at will.
If it really breaks through important support, and there are no reversal signals even after hitting important support, then it truly indicates that the bull market has ended.
Some people judge the bull-bear trend quite casually; they see a drop, then listen to the news, and after hearing some policies released by these politicians, they think the bear market has arrived because the price has dropped so much. This is really extremely irresponsible for their own investments.
If the bull-bear trend were really that simple, people in the crypto space would have already made a fortune, and there wouldn't be so many people quitting the crypto space.
You need to understand that your judgment on the bull-bear trend is completely different for subsequent strategies.
Many people think it's a bear market now and believe that the next rebound will lead to a major drop, forming a bearish mindset about the rebound.
In my view, this is setting a trap for themselves; one foot is already stepping into the abyss, but they are still secretly rejoicing as if they have entered paradise.
#ETH $eth
Ethereum's decline from 4100 to 1385 has been rapid, unexpected, and exciting.
It has basically wiped out all those fearless long positions, with none spared.
Especially for those who previously said the bull market was here, that they could make money on anything they bought, those who were forced to buy Ethereum have seen their faith completely collapse in this round of decline.
However, in my view, if we judge that the current background trend is a bull market, then the more such rapid drops occur, the more it indicates one thing: it is too valuable.
Only investments that are truly valuable will cause the main players to go to great lengths, as both dumping and pumping come with costs and risks; you can't just dump or pump at will.
If it really breaks through important support, and there are no reversal signals even after hitting important support, then it truly indicates that the bull market has ended.
Some people judge the bull-bear trend quite casually; they see a drop, then listen to the news, and after hearing some policies released by these politicians, they think the bear market has arrived because the price has dropped so much. This is really extremely irresponsible for their own investments.
If the bull-bear trend were really that simple, people in the crypto space would have already made a fortune, and there wouldn't be so many people quitting the crypto space.
You need to understand that your judgment on the bull-bear trend is completely different for subsequent strategies.
Many people think it's a bear market now and believe that the next rebound will lead to a major drop, forming a bearish mindset about the rebound.
In my view, this is setting a trap for themselves; one foot is already stepping into the abyss, but they are still secretly rejoicing as if they have entered paradise.
#ETH $eth
