$ETH fake fall wash, short trap has appeared 💥💥💥
Sister Hui accurately predicted this morning that the 4000 level would be lost, and ETH indeed dipped to 3960. But now the market has turned around, presenting a good opportunity to go long.
This wave of decline is essentially a false breakout. After ETH broke through the bottom at the previous high of 4250, a large amount of long positions accumulated around 4200, and the market needs a cleaning.
At the same time, the exit of giant whales, large OTC sell-offs, and the failure of ETF expectations have created triple pressure, igniting this sharp drop. The purpose is to deceive liquidity at historical highs and then sweep down, accurately cleaning out the weak hands.
Don't be scared by a single-day drop of 10%; this is very common in ETH's history. After the wash, the positions are cleaner, clearing the way for the next wave of increases.
