Ethereum Falls Below $4300, Plummets 10%! Crisis or Great Opportunity?
Last night, Ethereum once again experienced a rollercoaster market, dropping sharply below $4300 from a high point, with a daily decline nearing 10%, causing the market to explode.
Many panicked and sold at a loss, while some secretly bought the dip. Is this a crisis or an opportunity?
Why did it drop?
Technical Aspect: ETH faced pressure around $4570, breaking through key support after multiple consecutive bearish candles.
Market Aspect: The overall market sentiment is weak, trading volume has shrunk, and bears took the opportunity to exert pressure.
Psychological Aspect: Funds that previously chased highs began to panic and exit, exacerbating the decline.
Where are the opportunities?
ETH shows signs of support around $4200, with a clear lower shadow on the candlestick, indicating short-term buying interest.
A rebound near the lower Bollinger Band, coupled with RSI approaching oversold levels, presents a chance for technical recovery.
If it can stabilize above $4300 again, a rebound wave is expected in the short term.
Risk Reminder
If it falls below $4190, it may further test the $4000 level.
Current market fluctuations are severe, making position management crucial; do not go all in recklessly.
In the short term, ETH is at a critical point of "oversold recovery vs. accelerated breakdown."
If you want to speculate on a rebound, you can try with a small position; if you want to hold steadily, patiently wait for confirmation signals.
In the crypto circle, every crash is a test: some stop-loss and exit, while others seize the opportunity to buy low.
The true winner is not someone who chases highs and cuts losses but someone who remains calm amidst the chaos.
For more crypto news and to know the direction of the next market trend, stay tuned to Alu's rhythm, flip your position and make profit!!!
