Breaking! Ethereum has fallen below $4000, officially confirming the bear market structure!
Just tonight at 20:47, gold bull and long-term cryptocurrency critic Peter Schiff threw a deep-water bomb on social media: 'ETH has officially entered a bear market!' Data shows that ETH has plummeted 20% from its historical high in August, and key technical support has completely broken down!
Bear market signals have been confirmed, and institutional buy-ins can't save it?
Schiff particularly emphasized a brutal fact: despite a large number of Ethereum treasury companies continuously buying, the price is still plummeting. What does this indicate? It indicates that the current selling pressure far exceeds the institutional absorption capacity, and market confidence is collapsing! This is not a normal correction, but the beginning of a bear market with massive capital fleeing!
Norton deeply interprets: Why must Schiff's warning be taken seriously?
Although Peter Schiff is known for his 'anti-cryptocurrency' stance, there is data support behind his judgment this time: ETH's daily line has broken below the 100-day moving average, the MACD has formed a death cross, and the trading volume has increased with a decline—these are all hard signals of a technical bear market. More importantly, he pointed out directly: 'Bitcoin will be the next!' This likely suggests that market liquidity is tightening comprehensively!
Will Bitcoin really be the next one?
From a correlation perspective, ETH, as the second-largest cryptocurrency by market capitalization, will undoubtedly confirm a bear market that will drag down BTC. If Bitcoin follows and breaks key support (like $42,000), the entire network's long positions will face a more severe washout than tonight! It is recommended to closely monitor the performance of tech stocks after the U.S. stock market opens tomorrow morning; if the Nasdaq weakens, the pressure on the crypto market will further intensify!
Hints buried in the crisis: Is ETH's plunge a good opportunity to position?
Although the short-term sentiment is extremely pessimistic, we must clearly recognize that a bear market is the best friend of long-term investors. If ETH can stabilize within the $3800-4000 range and form a double bottom structure, it may be an excellent opportunity for dollar-cost averaging or building positions in batches. Pay particular attention to the real progress of the Layer2 ecosystem and staking protocols; valuable projects will ultimately transcend cycles!
Norton reminds: The market never lacks opportunities; what it lacks is patience and discipline! Follow my real-time analysis to help you avoid crashes and seize rebounds!
