Recently, the price of $ETH has seen a pullback, and many influencers in the market have begun to sing a bearish tune. Some are calling 3000 the top, while others even predict a drop back to 2000 or even a few hundred, with discussions about the end of the bull market flooding the screen.
But we need to let the data speak for itself. Not long ago, ETH surged to around 4793, leaving less than a 2% gap from its historical peak. It's important to note that this price level took a full four years to gradually reach. If the main funds really intended to help retail investors who were trapped in the bull market of 21, why would they go to such lengths to drive the price up? This clearly does not align with the nature of capital seeking profit.
Currently, there is a key detail in the market: there is no dense area of trapped positions above 4800. This technical formation suggests that the market has not yet peaked, and the recent pullback seems more like the main funds cleaning out floating positions. Those who were shaken out might very well miss the best holding period before breaking through the historical high. My judgment is simple: for those currently holding Ethereum, instead of being disturbed by short-term fluctuations, it's better to take a long-term view. The target of this round of market definitely extends beyond the previous high.
I am preparing for a significant move in the upcoming market; believers need not say much, just come directly if you agree.
