Famous trader Su Zhu went long on ETH at an average price of 3135 and is currently losing 1000 points.

Looking at the levels, it is highly probable that he thought a head and shoulders bottom was formed on the daily chart, and then heavily invested during a false breakout, but did not consider that the downward sloping neckline is actually a weak signal. If the key resistance line is broken but not held, it is still a waste. So you see, even famous traders make mistakes, let alone the less experienced analysts. Prices rise in a bull market and fall in a bear market, while giving retail investors a bunch of nonsensical analysis and misleading instructions.