The plunge is over! Minutes of a secret global traders' meeting have been leaked: ETH is about to embark on a major uptrend.
The market always bottoms out amidst panic and rises amidst hesitation, and ETH's current trend perfectly illustrates this.
Guys, this report from the Greek exchange can be summarized into three key points:
Veterans believe ETH's decline has stalled, likely reaching a temporary bottom, but they're hesitant to rush in blindly, adopting a cautious buy-and-hold approach.
The key is monitoring the ETH/BTC exchange rate. Recently, ETH has been significantly stronger than BTC, potentially signaling the start of the altcoin season.
Smart money is hedging with options—selling put options to collect premiums while simultaneously locking in profits with take-profit calls. This effectively earns premiums if prices fall and keeps pace with gains, ensuring a steady mindset.
I've observed significant movement in the options market: last week, there was a significant sell-off of put options around $2,800, while call options above $3,000 saw a surge in profit-taking.
It's like a group of experienced drivers applying the brakes to slow down before a sharp turn, but steering the wheel upwards.
A similar pattern occurred at the end of May, after which the ETH/BTC exchange rate rebounded from 0.048 to 0.055, an increase of over 15%.
Can it be replicated this time? The key lies in whether it can hold above the $2,850 neckline.
If you currently hold ETH, should you hold on or increase your holdings? #加密市场回调
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