Ethereum falls below 2000, has it crashed? Wrong! A historic opportunity may signal the beginning of a $7000 counterattack!
A 5% drop, breaking below 2000, RSI plunging below 30... What you see is panic, but smart money is seeing the sparks of recovery!
Don't rush to cut your losses, understand these major signals:
Weekly RSI falls below 30: The last time this level of 'oversold' condition appeared was at the bear market bottoms of 2018 and 2022.
Then what happened? A super rebound of over 200%!
Realized price lost: ETH's current trading price is below the 'realized price'—the average holding cost of all circulating ETH.
Historically, this often means 'the market bottom has appeared', the last time this happened was the night before the crash in March 2020, followed by a skyrocketing to an all-time high.
Support test overlapping 2018 high: The current price is testing historic support—the 2018 bull market high! Technical analysts know this as 'multi-cycle resonance support', which is often the starting point for a rebound.
Should we be fearful or greedy now? Although short-term on-chain activity is declining, trading fees are weakening, and post-merge inflationary pressures remain, this is precisely the common sign before the start of a bull market!
The same situation was seen in early 2020: Users left, gas fees dropped, no one wanted to buy, and then what happened? ETH rose fivefold.
My view: The market is meant for 'contrarian thinking'. Today's ETH is like BTC in March 2020, everyone is bearish, sentiment is crashing...
But smart money has quietly started accumulating, the bottom won't shout, but the signals are glaringly clear!
If the trend confirms a reversal, the target range for ETH will be between $6,500 and $7,000—this is the golden hunting ground for 'rational believers'!
Here comes the question: Will you continue to panic and wait, or will you position yourself early and bet on a counter-cycle?
Retail investors always buy at the peak, cutting losses at the trough. Meanwhile, the experts only accumulate when sentiment is at its worst.
Bring your comments, let’s clash and gain insight!
A 5% drop, breaking below 2000, RSI plunging below 30... What you see is panic, but smart money is seeing the sparks of recovery!
Don't rush to cut your losses, understand these major signals:
Weekly RSI falls below 30: The last time this level of 'oversold' condition appeared was at the bear market bottoms of 2018 and 2022.
Then what happened? A super rebound of over 200%!
Realized price lost: ETH's current trading price is below the 'realized price'—the average holding cost of all circulating ETH.
Historically, this often means 'the market bottom has appeared', the last time this happened was the night before the crash in March 2020, followed by a skyrocketing to an all-time high.
Support test overlapping 2018 high: The current price is testing historic support—the 2018 bull market high! Technical analysts know this as 'multi-cycle resonance support', which is often the starting point for a rebound.
Should we be fearful or greedy now? Although short-term on-chain activity is declining, trading fees are weakening, and post-merge inflationary pressures remain, this is precisely the common sign before the start of a bull market!
The same situation was seen in early 2020: Users left, gas fees dropped, no one wanted to buy, and then what happened? ETH rose fivefold.
My view: The market is meant for 'contrarian thinking'. Today's ETH is like BTC in March 2020, everyone is bearish, sentiment is crashing...
But smart money has quietly started accumulating, the bottom won't shout, but the signals are glaringly clear!
If the trend confirms a reversal, the target range for ETH will be between $6,500 and $7,000—this is the golden hunting ground for 'rational believers'!
Here comes the question: Will you continue to panic and wait, or will you position yourself early and bet on a counter-cycle?
Retail investors always buy at the peak, cutting losses at the trough. Meanwhile, the experts only accumulate when sentiment is at its worst.
Bring your comments, let’s clash and gain insight!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
2,194.55
+21.04%