$ETH This wave of rhythm completely exceeded expectations. Originally, it was anticipated to consolidate for a longer period, but unexpectedly, it only took 6 days to approach 4330. Today, it even slightly hit a new high before retreating, which seems to be a temporary FOMO peak. The first batch of people chasing the imitation coins have been somewhat trapped.
But this is not necessarily the end. The reason is simple: market sentiment has not reached its limit. If the main players really want to 'net' the profits, there is still room for profit that hasn't been opened up. The more likely scenario is to revolve around 4000 and conduct several rounds of false breaks and false rallies: for example, first dropping to 4050 to wash out those who chased the highs, then pushing to 4100—4200, followed by a pullback to around 3950 to gather strength, and finally attacking 4500 or even 4700. Only through such repeated actions can the space for the imitation coins be fully released and the market's FOMO sentiment be driven to its peak.
Currently, many people are still half in, observing the market. They reduce their positions when prices rise and add to their positions when prices fall. To fully mobilize this batch of funds, a period of compact rhythm and intense volatility is needed. In line with previous plans, the areas around 4000—4500—4700 remain key points for taking profits in batches. In the short term, it may just oscillate around 4000, consuming the funds that are chasing rises and selling on dips back and forth, until the overall sentiment erupts. Although there is a possibility of a direct downward move, based on the current sentiment of the imitation coins, the probability of pushing up another wave is greater, as this is the only way to attract the last remaining liquidity from the sidelines. #ETH走势分析