$ETH 4000-4200 Does this range count as the bull-bear boundary? Can we bottom-fish now?
Last night, the market really gave the bulls a hard blow. It was stable for a whole day, but as soon as the US stock market opened, it plummeted, and the bulls were almost completely wiped out. This trend is indeed a bit heart-wrenching.
Many friends have come to ask me: Is the bear market here? Will it drop to the 3000s? My advice to everyone is—ETH has already reached a critical support range on the weekly chart, and here at 4000-4200, we can consider gradually accumulating. Large funds are primarily looking at ETH and SOL; recently institutions have been buying ETH with over 200 million USD, and SOL has been performing even stronger than ETH these days. Coupled with ETF expectations and the need for catch-up, market makers are likely to continue speculating, so following ETH’s rebound shouldn’t be a problem.
On the news front, this week is the Federal Reserve's meeting minutes, but it doesn't affect everyone's expectations for interest rate cuts next month. This round of decline is mainly to shake off long positions. The next operation strategy should still revolve around this strong support at 4000-4200.
As for altcoins, it's still the ones mentioned yesterday: LDO, UNI, AAVE, LINK; just gradually buy at lower prices. For the SOL ecosystem, you can keep an eye on $PUMP , as there have been frequent token issuance activities recently, and funds are continuously flowing in on-chain. Coupled with buyback expectations, there is room for speculation. $RAY is an old routine; every time the SOL ecosystem gains momentum, it basically leads the charge.
Overall, this wave is already at the bottom. Yesterday, I already bottom-fished SOL, and today I will share the next order's layout in the group. The crypto world rewards the bold, but before being bold, you need to see the path clearly. If you still don’t have direction, seek me to guide you on the way forward!
