$ETH just broke below $3700, and the mood in the entire community instantly collapsed. A crowd in the square began shouting, 'It's over, it's over.' Ultimately, it boils down to poor risk management. To put it bluntly, many people simply lack the ability to cope with normal fluctuations. They go all in when prices rise slightly and panic sell when prices drop a bit, showing no position management at all.

Based on my years of watching the market and observing, the vast majority of people who make money do so during those bull markets where the whole market is skyrocketing, and buying with closed eyes leads to profits. However, such market conditions may be hard to come by in the future. Even if they do occur, it is more likely to be localized sectors or structural rotations, relying on timing and direction rather than just mindlessly holding.

I always say that ETH never disappoints, but this time I really don’t want to praise it because its performance is far from good enough; at least it hasn’t reached a historical high yet.

However, having come this far, we should indeed believe that ETH's historical high is coming. As the leader among altcoins, its new high will likely bring about a nice profit effect.

The adjustment at the beginning of the month is a normal operation. After the adjustment, it will continue to rise. Hold your coins and wait for ETH's new high.