Brothers, the recent market of ETH has really troubled many people. Watching the loss numbers in the account grow day by day, that kind of anxiety and helplessness, I understand it very well.
From this market chart, it is obvious that ETH surged before, and many people chased the price at a high point. As a result, it unexpectedly started a volatile downward mode, and if you're not careful, you could be trapped solidly. Especially in the range of 4500 - 4700, there are quite a few friends who chased in, and now they are probably just eagerly waiting to break even.
After being trapped, everyone must have these thoughts in their minds: "Should I cut losses to stop the bleeding, or will it just get worse?" Or "Let's wait a bit longer, maybe it will rebound back to break even soon." But as they wait and wait, the market never meets expectations, and the principal gradually shrinks in the process of waiting.
In fact, although ETH's trend is complicated, there are ways to break free from being trapped. A friend I helped before was trapped at the position of 4600. His funds were not very ample, and he was particularly anxious. Based on the market situation at the time, I had him buy a portion at the crucial support level of 4300 to lower the average cost. Then, I closely monitored the market rebound, and when the price rose to 4400, I decisively had him sell part of the additional shares. This way, not only did it lower the holding cost, but it also achieved a certain degree of capital recovery. Subsequently, through a few small swing operations, he successfully reduced the cost to around 4500. As long as the market is a bit favorable, he can break free or even make a profit.
Currently, ETH has certain support in the range of 4200 - 4300, while the upper range of 4400 - 4450 serves as a resistance level. If you are also trapped in ETH, don't ponder aimlessly, and definitely don't operate blindly. Whether you're trapped at 4500 or a higher position, as long as you tell me your specific position and cost price, I can customize a set of solutions for you based on your actual situation. The whole process is free of charge!! Don't let your funds remain stuck in the market; seize the opportunity, and let's work together to recover the losses!
