At this time, don't think about going short. Although the profit from shorting at the peak is high, the risks are also great. In just a few days, Ethereum has risen by 500 points, so you must learn to go with the trend! I know the bears are anxious, but you don't need to be anxious!
Many people see such a rise and still stubbornly claim that the candlestick patterns are bad, and the market hasn't turned yet. This stubbornness is just the bears resisting, unwilling to accept!
Currently, the bears have basically been beaten down. There are only two scenarios ahead: the first is that the bears are out of fuel, and this wave of rise temporarily ends, leading to a period of high-level consolidation, or they may be beaten into submission during the consolidation. The second is that the bears are unwilling to give up and continue to add fuel, pushing for another wave of highs next week, after all, Ethereum is only at 3000.
I am more optimistic about the second possibility because the crypto space has never lacked stubborn people. Moreover, after the market starts, more people will come out saying that Bitcoin will reach 200,000 or even 500,000 by the end of the year. We need to trade based on reality in the crypto space, not on speculation. Never be swayed by the analyses of large institutions or the views of certain banks; especially at this time, we must be a bit more rational! $ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.