$BTC $ETH #ETH创历史新高 In just a few minutes, the market resembled a large-scale skydiving scene, with numbers on the screen fluctuating rapidly, soaring and plummeting, each movement tugging at the heartstrings. Some stayed up all night holding long positions, filled with regret; others, holding contrarian positions, felt their hearts race with excitement; and yet others were left stunned by the sudden market changes, standing frozen in place. But please remember, as long as your position remains, and the chips in your hand have not been lost, the hope of a turnaround will never extinguish.

Ethereum just experienced a rapid plunge, dropping 200 points from its peak in a short time, directly retracing to the 4700 starting area.

This wave of market movement seemed to have no warning, but in reality, it was a violent washout of high-leverage long positions by the main players — currently, there are no significant changes in the news, it is purely a market driven by capital!

Investors who have already entered long positions around 4700 can hold with peace of mind, setting stop-loss just below the recent low. Those holding short positions are advised to reduce their holdings during this sharp drop, taking profits to secure gains.

For those who have not yet entered, do not chase the market during extreme fluctuations; patiently wait for the hourly chart to stabilize, and choose to operate after the support level has been confirmed again. In the morning session, it is crucial to pay attention to the second retracement after this drop; as long as there is no significant volume drop below the support, the bullish structure remains within expectations. If it retraces to the 4700–4730 range, you can continue to lay out long positions, targeting 4880 and the round number of 5000!