The market in the past two weeks can be described as "a double blow for bulls and bears"—Ethereum surged 40% last week, crushing short sellers, and this week has seen a volatile pullback that has left late buyers in fear.
The market has staged an extreme reversal: those who were shouting "the bull market is back" last week are now starting to panic sell
And the short sellers who were liquidated earlier are now smugly adding to their short positions, as if they have seen the "ironclad evidence" of a crash.
But the truth often lies in the details:
When Ethereum dropped below $2000 to $1400 in April, the market was in despair, yet I clearly pointed out that "the key support zone for the bull market must rebound", and subsequently, a precise reversal occurred with a weekly doji star.
Last week's strong bullish candle that broke above $2000 not only swallowed the losses of the past month
But also forcefully broke the downward trend line since $4100—this is a textbook-level signal for a bull counterattack.
Retail investors have repeatedly misstepped in extreme emotions: cursing "Ethereum is trash" and cutting losses during the crash, doubting "a trap for late buyers" and hesitating to enter during the rebound, and chasing prices after a breakout only to be washed out by a pullback...
The most dangerous group right now is precisely the ones blindly shorting:
They cheer for short-term pullbacks while ignoring the shift in the larger cycle trend. History does not simply repeat, but it does rhyme in similar patterns.
In June 2023, after Ethereum broke the downward trend line, it also experienced a brief pullback before embarking on a doubling rally lasting 5 months...
—The market is never short of opportunities; what is lacking is the vision to see the truth.
These friends chasing highs must be trapped now.
Short positions have earned 10 times the profit, being my fan is comfortable, the team eats well every day.
Pay attention today: pepe eos doge
