【Most people are still hesitating about ETH, but I am actually more excited】
I watched ETH for a while, and the structure is more stable than I imagined.
Recently, most people are still hesitating, feeling that the rise is not exciting enough, or worrying that a pullback will cause it to drop further. But I am actually more excited. It’s not that I want to rush in immediately, but the rhythm of this pullback and consolidation makes me feel that this wave is more solid than before. Current price 2920.79, RSI at 35.9, not strong, but not weak either, just stuck at a position that is neither here nor there, as if waiting for some signal.
One possibility is to continue to move sideways, or even slightly probe again, shaking out those uncertain chips. This kind of movement is quite common, especially in the context where the sentiment hasn't fully caught up in the past few days, the main force may not be in a hurry to push it up. As long as the key support isn't broken, this kind of consolidation is actually a good thing. Another possibility is a sudden increase in volume pushing it up, after all, the RSI hasn't entered the oversold zone and has turned around, indicating that the selling pressure is actually weakening. If market sentiment warms up and funds return to look for core assets, targets like ETH will not be left behind.
My own view is that there is no need to be fixated on the fluctuations for one or two days at this stage. You see it drop, it seems scary, but the lows are actually slowly rising. The trading volume hasn’t expanded to the level of panic selling; it’s more of a healthy turnover. At this time, instead of sitting on the sidelines and lamenting, it's better to think about whether you have a plan for phased positioning.
Of course, I also understand that this is not an environment for blindly rushing in like a one-sided bull market. Being slightly bullish doesn’t mean going all in recklessly. I have managed my position well, leaving some maneuvering space. If it really breaks out, I won’t expect to eat it all at once; if it dips again, I would be happy to pick up some cheap goods.
After all, I still believe in the fundamentals and ecological resilience of ETH. No one can predict short-term movements, but grinding at this position makes me more willing to stay in the market and observe. Anyway, the boat is already on the water, whether the wind is strong or weak, we have to experience it. Everyone shouldn’t be too anxious; the market always starts in hesitation.
