People who can't face reality and dare not get on the bus can only write small essays to drag more people down🐶
NFT-Ethan
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Ethereum surged to 2600 in three days? Don't deceive yourself, this is not a recovery, it's a 'death rattle'.
ETH jumped sharply from 1700 to 2600 in three days, seemingly a strong rebound, but in reality, it is just the last illusion before a crisis. I can state clearly: This is a highly manipulated technical rebound, not a fundamental-driven return of the bull market. Next week, it is very likely that a bloodbath-level correction will occur, and even falling below 2000 is not an extreme scenario. Here are my bearish reasons! 1. The technical aspect is overbought to the limit, and momentum is severely overdrawn. ETH surged over 50% in three days, with the K-line completely breaking away from the upper track, and RSI skyrocketing above 85; this is not a healthy rise, it is an uncontrolled bubble. There is no support capable of sustaining such accelerated upward movement. Once the bulls exhaust themselves, it will enter a 'technical free fall'.
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