I think there was a slump yesterday, and everyone was a bit panicked.
Although ETH dropped back to 4400 after rising above 5000 yesterday, it fell by 600 points.
However, the reason for the decline was due to BTC whales dumping and a Federal Reserve governor being dismissed by Trump.
As for the BTC whales dumping, as long as MicroStrategy keeps buying, this 2 billion fund isn't particularly large; it just needs time.
The dismissal of the Federal Reserve governor is even more outrageous; the reason for dismissal was not lowering interest rates, so does this mean the probability of lowering rates is now higher?
Plus, the Federal Reserve is having a meeting tonight.
The market seems a bit too panicked; I'm still very optimistic about ETH.
These three events happening together yesterday can be considered a black swan.
We should still buy ETH at a low position, aiming for a target of 4300-4400.