The backend is being asked crazily: "Can ETH still reach 6000?" A few days ago, I was completely out of it with the flu, barely having the energy to check the market. Today, I finally feel rejuvenated and must share my real operations and hardcore judgments to give my friends who are waiting a solid explanation!
Last week, I was lying in bed watching the live broadcast of the Hong Kong Financial Summit, and Yi Lihua's statement, "ETH will reach 10,000 to 20,000 dollars in the future," directly lifted my spirits! Don't think it's just hot air; this guy immediately followed up with concrete evidence: over half of the global stablecoin circulation is currently on the ETH chain, which is equivalent to the entire crypto circle's "funding reservoir" backing ETH. This fundamental is tougher than reinforced concrete. More importantly, he bluntly stated that he has already entered the market to buy, not just a 'keyboard warrior' shouting slogans without action. This declaration is more effective than any technical indicators.
After waking up, I stayed up all night digging into the data, and the more I looked, the more confident I became: Brother Sun is still crazily staking ETH to increase his position, and there’s an anonymous whale who is even crazier, buying 400,000 ETH in 3 days; the traces of capital entering the market are becoming harder to hide. Let me speak from the heart: you may not like the way rich people do things, but never doubt their market vision. Those who can hold billions in assets have a perspective on trends that ordinary people cannot compare to — this is not flattery, it's blood and tears from my 5 years of experience in the industry.
Let me pour a bucket of cold water: if you want to rely on ETH to get rich overnight and can't handle even a slight loss, I suggest you walk away; if you invest all your wealth into high leverage, you don’t need to read the rest — I’ve seen too many cases of 20x leverage liquidation, from luxury homes to instant noodles, it only takes one pullback, and I really don't want anyone to step into this pit again.
Back to my operations: I haven't stopped buying ETH this past month. Some ask, 'Do you have a mine at home?' I really don’t! The money put in doesn’t even account for a fraction of my wealth, and I have a strict rule: I never touch crypto assets for short-term needs. Those currently buying ETH are all idle funds that definitely won’t be used within 5 years — even if this money 'evaporates' with the market, my mortgage and milk tea money won't be affected; that's the bottom line, unbreakable.
Dare to keep buying, not just because of the big players' actions, but also because the technical aspects have given enough confidence. I can't guarantee the height of 20,000 dollars now, but 6,000 dollars is really not far away. Some mock, 'You saw 4,000 before, now it has dropped to 3,000, does it hurt your face?' I predicted back in September that ETH would pull back to the 3080-3180 range, but the process was more tortuous than expected, and I didn't catch the lowest point — but honestly, I've never pursued catching the lowest point. No one in the market can hit the exact point every time; it's better to firmly grasp the big trend than to get entangled in a few hundred dollars of price difference.
So during these days of market panic, I instead went against the trend and added my last bit of idle position. I remember when BTC dropped to 24,500 in 2022, I entered heavily, and later it crashed to 15,600; I directly uninstalled the market software. It’s not giving up; it’s knowing I’m grasping a long-term trend, and there's no need to be tormented by short-term fluctuations. By the end of 2024, I aim to clear out when BTC hits the 90,000-100,000 range, and then in April 2025, I start building my position in ETH in batches: I’ve added at 1500, 2800, and 3200, and took some profits at 4700; now that it has pulled back to around 3000, I’m starting to add positions again.
Here comes the technical insights: the current upward structure of ETH is too rare! The weekly MA20 is firmly supporting the bottom, and the pullback has never effectively broken the key support level of 2880; as long as this range is not breached, the upward trend remains intact. Moreover, the trading volume is very healthy: it contracts during pullbacks and expands during rises; this is a typical 'slow bull pattern,' 100 times more reliable than those air coins that rely on news to pump.
Let's talk about contracts. Many people ask me, 'Can you get rich off contracts?' I directly pour cold water on that: contracts for me are just a 'side job for living expenses.' I stop as soon as I earn enough for a year’s rent and milk tea, never greedy. My iron rule: a single position should not exceed 5% of total capital, and the stop-loss line is set at 8%; once it hits the point, I cut it, never hold the position. If the market is good, I’ll make two trades; if the market is bad, I’ll take a break. Not losing money is winning — this is the correct way to approach contracts; don’t think of it as a way to reverse your fate.
