Bottom fishing, bottom fishing, when is the bottom? Before Bybit was hacked for 1.5 billion USD worth of ETH, the price of ETH was around 2800 USD. After the hack, due to the erratic changes in Trump's tariff policies, the overall market has seen a decline. Overall, Bitcoin has dropped over 10% to date, peaking at just over 20%, but almost everyone is filled with confidence that it will return to previous highs. However, Ethereum did not rebound as expected after the hackers completed their sell-off, instead dropping below 2000, even reaching a low of 1700 USD. In just under half a month, the decline was nearly 40%. Since the beginning of 2023, even in the case of a pullback, Bitcoin has risen from 25000 USD to the current 81700 USD. Meanwhile, Ethereum's position at the beginning of 2023 was 1700, and it remains at 1700 now. For long-term holders, this is a torment, as they have missed the entire bull market. For short-term investors in Ethereum, confusion still reigns, as veterans have suffered from bottom fishing; during Ethereum's decline, bottom fishing has led to the loss of the bull market's gains. This situation inevitably raises doubts about whether Ethereum is really finished. There are only two possibilities: one is that Ethereum is truly finished and abandoned by capital. The other is that capital believes the previous prices were too high, requiring lower chips, estimating suppression and short selling, while conveniently liquidating bottom leverage and brewing the next wave of the bull market.
