Another day looking at ETH and wanting to sigh deeply, my friends. Since that period in October when it "vanished" from the 4.5k threshold down to 3.8k, I thought that was it. But it keeps trudging down, not knowing what exhaustion is. Every time it pokes its head up a little, it gets stomped down without fail.
Now it's just hovering around 2.8k, 2.9k. The red and green lines of open interest and funding rate have been deep red for over half a month, clearly the market sentiment is very depressed. Everyone keeps thinking about ETH and feels disheartened.
The horizontal bars on the liquidity chart are lined up long and tight at the top, everywhere you look there is strong resistance. There is no significant support to serve as a foothold. At this rate, it will just be "slowly until the potato is cooked". I don’t know when we will see those numbers 3k5 or 4k again, let alone the old peak.
Well, I guess I will continue to wait, because looking at the ETH chart right now is just like "I know, it's hard, I've said it many times". I'm speechless!
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