The reasons for the Ethereum crash are as follows:
① BTC experienced a large market sale by ancient whales, leading to a spread of panic sentiment in the market and a collapse of the overall market.
② Ethereum is reaching new highs, and low-priced positions are starting to take profit in batches, resulting in a large number of sell orders placed at new high positions for short selling, creating a strong selling pressure in the short term.
③ The bull market is too heavy, and it is very normal to have multiple washouts. Many retail investors FOMO into the market chasing the rise, only to be harshly taken advantage of by the market makers.
Ethereum's spike in volume stimulates buy orders, waiting for the negative factors to be fully digested and the market to stabilize. You will see a brand new ETH.
At that time, Brother Hao will bring fans into the market to bottom fish. If there are friends who are trapped and do not know how to break even, you can come to Brother Hao!!!
