If you've been watching ETH these past few days, the clearest thing you see is definitely not the ups and downs,
But it's that kind of unease that can't be put into words.
can't rise,
But it stubbornly refuses to break down.
Around 3020, this position has been stepped on three times in a row.
During the first step, you thought it was a rebound.
During the second step, you started to panic.
During the third step, the only thing left in your mind is one sentence:
"Why is it still not over?"
1. What does it mean when there are three re-tests in the same range?
I'll state the conclusion first:
It's not that the funds haven't left; it's that the chips are changing hands.
What does a truly weakening market look like?
each low point is lower than the last
The rebound height is getting weaker.
The trading volume expands as the price drops.
But ETH is completely not in this state now.
What you see is:
The lows are consistently high.
Every time it drops, it gets caught quickly.
There is no volume when the price drops, but there is volume when it is sideways.
This is not panic; it's 'forced trading of chips.'
Two, why is it specifically around 3020?
This position just happens to be in an awkward psychological range:
Bulls feel:
"If it breaks, I won't hold on anymore."
Bears feel:
"I wouldn't dare chase if it doesn't break."
Thus a situation has arisen —
Everyone is waiting for others to move first.
What the main force likes most is this kind of collective hesitation.
Three, ETH is truly 'weak' now, not in price.
Many people say ETH is weak,
It's not that the price is weak, but the position structure is weak.
You see the current market sentiment:
Bullish:
Tortured by BTC, losing confidence.
Bearish:
Dare not to go all in, afraid of being wiped out in one go.
Centrist:
I already closed my position, but I watch the market every day.
These three types of people have one thing in common:
Everyone is indecisive.
And the indecisive chips,
is the easiest to be exchanged.
Four, why is ETH more 'exhausting' than BTC?
BTC locks the range,
ETH locks emotions.
BTC gives you hope and despair in price that alternates repeatedly;
ETH gives you —
"Did you misjudge?"
ETH is not making you get liquidated now,
It makes you start to doubt yourself.
You start to think:
"Should I not buy ETH?"
"Should I switch to BTC?"
"Should I wait for another dip?"
When you start to think like this,
You are already on the path of trading chips.
Five, when will ETH truly move?
In a nutshell:
when you no longer expect it to 'rise immediately.'
Before ETH truly starts, there will definitely be a stage:
No sentiment.
No heat.
No one calls a target price.
There might even be a classic saying:
"ETH, this coin, might just be like this."
At that moment,
is the most dangerous and also the most interesting stage.$ETH
