Recently, a large number of people claiming to be "E Guards" have emerged in the community, joining this camp in a trend-following manner. Those who were bearish on Ethereum now have their faces swollen from the slaps of reality; those who once shouted they would never buy ETH are now regretting it and slapping their thighs in frustration.
Honestly, this wave of ETH price correction has indeed been quite severe, and many seasoned traders have been caught off guard, cutting losses at low levels. From a technical perspective, ETH is currently stuck in the pressure range of 2600-2850, and it will be a bit difficult to break through directly; it is likely to need to pull back and gather strength. My suggestion is: for spot trading, you can place staggered orders at 2230, 2130, and 2000 to accumulate. If you are afraid of missing out, getting in at 2300 is also fine.
Looking at the longer term, this wave of market movement has just begun, and it is likely to challenge the 4000-point mark later on. At the current position, it is at best the beginning of a reversal.
Are you stuck in a position? When to bottom out? It’s still the same old saying: if you feel confused and helpless and don’t know what to do, just comment on my avatar. I need fans, you need references.
Today’s focus: PNUT ETH INT ETHFI
