Ethereum surged to 2490, is it time to short?

The cryptocurrency market that trades 24 hours is truly magical.

When Ethereum was at 1400, the market was shouting that it was the time to buy the dip, yet few dared to do so. At 1815, everyone was calling for a long position, but no one had the courage to follow. Now that Ethereum has risen to 2400, there are still people asking if they can still get in.

At the end of April, Ethereum was fluctuating around 1800 USD, and many formed a habitual mindset, believing that after a rise, a drop would follow.

Especially after Ethereum experienced a significant correction, many thought Ethereum was doomed.

On April 30th, no one could have imagined that within a week Ethereum would surge to 2490.

There’s a saying in the crypto world: those who know how to buy are apprentices, and those who know how to sell are masters. Holding onto profits is a challenge, while holding onto losses is a bad habit among retail traders in the crypto space. Many believe that if you set a stop loss, you are not a qualified trader, not realizing that not setting a stop loss in extreme market conditions can lead to a dead end.

Now that Ethereum has risen to 2400 USD, many still haven’t realized it.

However, if you don’t wake up soon, the market will teach you a harsh lesson, and the cost will be very high.

Recently, after a significant market correction, some people shorted and tasted success, so now they see the rise and think they must short. This is human nature.

Even if they were liquidated yesterday, they don’t feel anything and will continue to short, refusing to believe it will rise.

Now there are also many fans saying, 'Ethereum has risen to 2400, why didn’t you tell me to go long? What a pity, otherwise, how much could I have earned this round?'

So I ask, would you dare to go long when it was called at 1815? If you did, could you hold on until now? Can you? You can’t. The direction is important, but the question is, can your mindset withstand the wealth that this opportunity brings?

The money you earn here by luck will definitely be lost by skill.