Old friend, this wave of ETH is really too ruthless!
Breaking below 4000, it directly tears apart the bottom line of the bulls, and the bears are simply on a killing spree! Don't fantasize about a V-shaped reversal; if it can be pulled back from this point, that would truly be a ghost.
Technical aspect: The most feared is not a crash, but a slow decline!
Once the 60-day moving average breaks, the medium-term trend will completely weaken, targeting 3600 (120-day moving average).
What's more fatal is that all the way down, there hasn't even been a decent rebound, just a slow decline, like boiling a frog in warm water, gradually draining retail investors' confidence.
To put it bluntly, unless a wave of panic selling is triggered, this downward trend will not stop.
Essence: A bloody cleansing.
This is the old trick of the market makers: first wash out positions, then rally. High-leverage investors and those with broken mentalities will be cut off, and when the market is clean, large funds will enter lightly and it will fly up in an instant.
So in the long run, ETH will definitely return to 4000+ or even higher. But before that, we have to endure and survive to have the right to wait for high profits!
Practical strategy (in plain language)
Brothers who are watching with empty positions
You are the boss! Don't be tempted to catch falling knives. What is called bottom-fishing often happens halfway up the mountain.
Wait for two signals: the price around 3600 does not fall, stabilizes sideways; a large bullish candle appears!
That will be the golden opportunity to enter, and the safety factor will double directly!
Brothers who are already trapped: if your position is not heavy and you do not urgently need money: play dead, don’t stare at your account. Wait for the rebound to return to the cost zone, then decide whether to exit.
If your position is too heavy and it's hard to breathe: as soon as the next rebound reaches 4000~4100, quickly reduce your position and relieve some pressure. Remember, survival is more important than turning around!
The market is a psychological battle; those who can maintain a stable mindset are the ones qualified to reap the final fortunes.
The focus now is not on doubling overnight, but on holding your chips well and enduring the cleansing.
This wave of ETH, as long as we endure, the real opportunity for huge profits is just beginning!
