Ethereum plummets late at night! Is a bear market coming? Don't panic, veteran players reveal three major bottom-fishing signals!!

Friends! Today let's talk about something practical. Ethereum suddenly dropped last night, and many fans asked me if a change is coming? As an old player who has been in the crypto space for many years, I want to say: Don't panic! Market fluctuations are completely normal; I actually think this drop hides opportunities.

First, let's discuss the phenomenon: Last night Ethereum indeed fell from $2500 to over $2400, but looking closely, there are 3 key points to understand about this downturn:

1. Technical charts forming short-term pressure

Previously, it rose too quickly, just like a person running out of breath needs to rest; the market also needs to adjust. Data shows that Ethereum's increase in the past week was nearly 40%, and this kind of sharp rise followed by a correction is actually healthy.

2. Large institutions quietly positioning

Don't be fooled by the price drop; Wall Street institutions have secretly bought $470 million worth of Ethereum in the past few days! This indicates that professional players are picking up cheap chips, and we retail investors shouldn't be scared away by short-term fluctuations.

3. Technical upgrades are the core

Ethereum is about to undergo a major upgrade, which will increase transaction speed and lower fees. Historical experience tells us that prices tend to explode after each upgrade; it rose tenfold after the 2017 upgrade and fivefold after the 2021 upgrade, and this time it is very likely to replicate history.

After observing the market for so many years, I found that every major drop has similar patterns: ordinary people panic and sell at a loss, while smart people quietly buy the dip. This drop hasn't even broken the low points from the beginning of the year; instead, there is strong support around $2400, clearly indicating that the main force is washing the盘.

Here are three pieces of advice for new friends:

Don't keep staring at your phone for price fluctuations; it can easily lead to a breakdown in mentality.

Invest spare cash; don’t play with your heart rate.

Buy in batches; the lower it goes below $2400, the more you should buy.

Lastly, let me say something from the heart: cryptocurrency itself is a high-risk, high-reward game, but Ethereum has solid technology and application scenarios. A drop is actually a gift from heaven.