ETH Bloodbath: The Harvest is Not Over, This is Just the Prelude!
The recent performance of Ethereum can be described with one word: bloody harvesting.
From a high of 4794, it plunged all the way down to 4240, with bears giving bulls almost no chance to breathe.
Market sentiment has begun to panic, KDJ has plummeted to freezing point, the Bollinger Bands are opening downwards, and the daily line has continued to decline, indicating that the main force is accelerating their sell-off. Many people think that once it drops to this point, it should be about over, but I want to say:
This is just the beginning; the real crash may still be ahead.
Once the 4200 defense line is broken, the market will enter a new round of stampede, with the target below aiming straight at 4000 or even 3800.
Short-term rebounds are just traps; do not be misled by the shouts of those stuck in long positions.
The more panic there is, the more it indicates that the main force is laying out their strategy. The bloody harvesting of ETH has just begun, so don’t rush to catch the bottom!
The market situation changes rapidly; without a clear strategy, you will only end up being the one harvested!!
Stay grounded, catch the rhythm, and you will have your place in the next wave of gains!!!
