Ethereum indeed still has room to decline!
Next, pay close attention to two things:
Tomorrow's Ethereum upgrade
In the short term, it may be exploited by whales to sell off, but in the long term, it's a positive – after the upgrade, major institutions will find it easier and safer to hold ETH.
The day after tomorrow, the Federal Reserve will hold a meeting.
It is highly likely to continue its hawkish stance, which could be negative for the crypto market and trigger a correction.
Some positives do indeed cool off once realized, but the true long-term benefits often show stronger momentum after they are confirmed.
It's like Bitcoin's halving; although it may drop in the short term, the reduction in supply will eventually lead to a price increase. Similarly, after the Ethereum upgrade, institutions will find it easier to enter the market, so don't panic if you hold the spot.
News can only affect the short term; in the long run, upgrades and institutional entry are the key points. Don’t be scared away by positive news selling off, and don't gamble on news; entering the market in batches is the safest approach.
I have already closed my positions; next, I will have to outsmart the whales. Still the same – wait to see the trend clearly before entering the market.
The big moves are coming; follow my lead, and we can win the battle!
For this kind of battle, Old Li has experienced it hundreds of times...