🔥 Panic is just a surface phenomenon; after ETH's pin action, new opportunities may arise!
Reasons for this drop:
① Ancient whales are dumping
A well-known whale is directly selling large amounts at market price, with no counterparty in the market, causing panic to spread rapidly and dragging the entire market down.
② High selling pressure on Ethereum
After ETH surged to new highs, low-cost tokens at the bottom began to cash out in batches, with a large number of sell orders placed at the new high to short, creating strong selling pressure in the short term.
③ Bull markets always require a washout
The market has risen too quickly, and the weight is too heavy; a washout is very normal. Many retail investors chased the price due to FOMO and ended up getting heavily harvested by the main forces.
The probability of a significant drop afterwards is not high. This time, Ethereum's "pin action with volume" has actually stimulated buy orders. As long as the negative news is gradually digested and the market stabilizes, you will see a completely renewed ETH.
So, Ah Yu suggests that it's a good time to enter and buy the dip; I have already positioned myself for a long entry! Stuck in positions, no direction, not sure how to operate? Don't panic. Follow Ah Yu; I speak with data to give you a clear direction.
