The market is currently very FOMO, especially with the recent surge of Ethereum over several days, leading many to chase high prices.

In terms of the current situation, at least in the short term, the risk of entering Ethereum at this position is still very high.

Of course, many people will tell you that this is the trend, and chasing high prices is how to seize wealth.

However, after bouncing around at this position for so long, the possibility of a downward spike is very high.

So now many people might end up making a tragedy by going all in.

If you don't have enough position and are worried about missing out on the market, you can choose to invest regularly.

Never fire all your bullets at once.

Looking back, when the market suddenly surged, it was said that we should follow the trend; once the upward trend is established, it is likely to continue rising,

just like the previous continuous decline, where the market cannot turn around in a short time.

But now the market has been oscillating at this position for several days, and the risk has become very high.

The demand for a downward spike to liquidate long positions is very strong.

Once it starts to decline, these large long positions will turn into material for the drop.

Everyone must be fully prepared for this risk.