Is it abnormal for Ethereum to rise to $2500 so quickly? Is Ethereum just a rebound lure?
Just like when Ethereum started consolidating after stopping the decline at $1385 a while ago, if you do not have a method to identify the strength of bulls and bears in this consolidation trend,
then when it rises from $1385 to $1600, you might think the rebound is over and expect it to continue dropping like before after some volatility,
When it breaks through $1600 and consolidates again at $1800, similarly, if you can't discern the subtle signs in the consolidation trend and cannot differentiate the strength of bulls and bears, you will miss out on the gains of these two days,
You must be able to identify the forces of both sides in the consolidation trend to determine whether it will continue to rise or if the rise has ended and it will fall,
It’s not about feelings; just because it rose from $1385 to $1800 doesn’t mean the rebound is over, so you shorted and sold,
If you could judge what happened during this consolidation period, you wouldn’t make mistakes,
This ability is crucial; it determines whether you can buy at relative lows and sell at relative highs,
Because if the market peaks and it’s time to sell, there must be bearish signals appearing in the consolidation trend, and if the bearish strength is strong, it will naturally fall,
After experiencing the long correction period recently, many people have formed an inertia, a fixed mindset believing that if it rises, it will fall, and the more it rises, the more it must fall,
So currently, as Ethereum rises to $1800, $2000, $2500, or even $3000-$4000, there will always be people shorting because that’s how they made money by shorting before, mindlessly shorting, holding positions, and continuously adding to their positions, believing they can profit from a big drop as long as they can endure,
However, if they shorted before, the bearish sentiment is not based on such ability.
Now the market has a common doubt: Is this round of increase a rebound or a real rise? Will it fall significantly like before?
If the bears are strong in the consolidation, it will fall; if the bulls are strong, it will continue to rise,
Just like before this round of increase, when the market was fluctuating around $1800, if you could judge and identify the market within the fluctuation range like we do, you would know whether it would rise or fall next,
Instead of constantly worrying about a big drop when it’s at $1800, being scared by others saying it will drop, and getting confused by hearing news everywhere.