#ETH
Many people look at Ethereum's drop and think it's the end.
The main reasons are:
Whales are all selling.
This time coincided with the war in the Middle East.
During the Russia-Ukraine war in 2022, Ethereum dropped from 3000 all the way down to 880. Now the weekly chart looks somewhat similar to the peak of the last bull market.
But I believe that these early large holders selling their Ethereum may not necessarily be a bad thing; it might actually be a good thing.
If you were an early investor in Ethereum and are now just lying back earning interest, would you still be willing to invest time and money into Ethereum's future development? Most people would just relax and collect money, and wouldn't invest anymore to push Ethereum's development forward.
Therefore, Ethereum changing hands among different people is actually a good thing and more beneficial for Ethereum's long-term healthy development.
In every rise and fall cycle, in every phase, coins are constantly being bought and sold among different people. The holders of Ethereum are changing, but the pattern of the market rising and falling will not change.
Anyone can see what happened in the past.
But being able to see what the future will be like is the real skill.
Can you truly understand whether the coins you buy are valuable or not? What's the use?
Can you discover when the coins are on sale and when they are significantly undervalued by observing the market?
If you feel that the coin is undervalued, be patient and hold onto it; don't get tangled up every day about whether it's up or down today.
If you feel it's overvalued, decisively let go, and go find those that are truly good and cheap coins.