Is Ethereum’s bull run over? Should you sell out?
This issue has been raised in various cryptocurrency forums and groups, and retail investors are like a swarm of angry bees, buzzing and cursing Ethereum.
They said with certainty: "Look, Vitalik Buterin is busy with his love life now, so he has no time to care about Ethereum. Ethereum is bound to be abandoned, and the current market is bound to fall all the way. The previous rise was just a trap to deceive small retail investors like us." There is a pessimistic atmosphere in the market. Everyone seems to have determined that Ethereum will fall. Many people are eagerly waiting for Ethereum to fall below 2000, or even lower, as if that is something that is bound to happen.
In such circumstances, no matter how many positive news about Ethereum emerge, they hardly make any waves, such as large amounts of funds flowing out of SOL and into Ethereum, and the Ethereum Foundation and large whales staking their purchased Ethereum. The applications for Ethereum ETFs to be staked have already been submitted to the SEC, but for most retail investors, these news are completely incomprehensible in terms of what they mean.
Many retail investors who originally held a glimmer of hope for Ethereum, seeing those around them so certain that Ethereum will drop, also began to feel anxious and gradually wavered in their beliefs.
I have a friend who has also been following Ethereum closely. The other day he told me he was hesitating whether to buy some Ethereum, but then he saw someone in the group say that he knows an insider, and this insider revealed that Ethereum will soon have major movements, but not an increase, rather a continuous drop. This really scared my friend, and he started to hesitate again, unsure of what to do.
I told him: 'Think about it, when the market reaches its peak, most of the positive news is meant to lure people in, while when the market is at the bottom, the negative news is often meant to scare people out.'
In fact, everyone's definition of bull and bear markets is somewhat different, so the answers they arrive at vary as well. Some people feel that there is no bull market left in the cryptocurrency space, but looking at the market, Ethereum's bull market is still ongoing, and Ethereum will definitely break through $3000 next, remaining in a bull market. However, what I'm saying can only be verified by time.
In the cryptocurrency space, whether one can remain unaffected by short-term market fluctuations, steadfastly executing their established trading strategy and achieving unity of knowledge and action, really depends on individual self-discipline.
The cryptocurrency space is like a special sieve, screening much faster than traditional industries, with results appearing in a shorter time. If you do it right, you get rewarded, but if you do it wrong, you pay the price and costs.
The same principle applies to value investing in the cryptocurrency space; the most needed quality is patience. Only by patiently waiting can one hope to overcome those major institutions. Behind that patience is actually a reflection of your trading system. Only if you are sufficiently professional, knowledgeable, and proficient can you avoid being disturbed and tempted by market emotions, thus ultimately achieving the desired results.
