A simple discussion on the long-term outlook for ETH

On March 2nd, Ethereum fell to around 2100. This wave of consolidation dropped from around 3400, a nearly 40% decline. Such market conditions usually occur once a year; however, this time Bitcoin did not pull back much.

The daily chart of ETH shows a volume-price indicator below. Each time there's an extreme market condition, the appearance of a long lower shadow and high volume is mostly a signal of hitting a bottom. As a long-term investor in spot trading, one can participate in batches.