Ethereum's drop might be deeper than most think...
1. The team's continuous sell-off, internal conflicts, and Vitalik's inaction.
2. Lack of technical innovation and weak demand.
3. Veteran supporters cashing out, losing confidence in their positions.
4. Adverse fundamentals from the Fed, no hot money flowing in the short term.
5. We're in the mid-phase of the crypto 'bear market cycle', with no signs of a bottom forming in the short to mid-term, and sentiment is poor.
Remember, in a downtrend, only look at whether resistance can effectively hold, not support.
So, even though ETH has dropped to a price I once thought could form a temporary support zone,
However, the right-side mid-term 'buying the dip' signal is still
🈚
...
And I always feel like ETH has a black swan event coming...
How about placing a spot long order at $1000 and waiting for a miracle?
1. The team's continuous sell-off, internal conflicts, and Vitalik's inaction.
2. Lack of technical innovation and weak demand.
3. Veteran supporters cashing out, losing confidence in their positions.
4. Adverse fundamentals from the Fed, no hot money flowing in the short term.
5. We're in the mid-phase of the crypto 'bear market cycle', with no signs of a bottom forming in the short to mid-term, and sentiment is poor.
Remember, in a downtrend, only look at whether resistance can effectively hold, not support.
So, even though ETH has dropped to a price I once thought could form a temporary support zone,
However, the right-side mid-term 'buying the dip' signal is still
🈚
...
And I always feel like ETH has a black swan event coming...
How about placing a spot long order at $1000 and waiting for a miracle?