It has been three months of decline, feeling bad
Hello everyone in the community, today is March 14, 2025. Hope everyone is having a happy weekend. Tonight, the pre-market trading of U.S. stocks has rebounded, it seems that the U.S. stock market is about to end its recent decline and prepare to stabilize.
During this round of decline, ETH had the steepest drop, falling from a high of 4000 points to 1750 points. This huge drop led to the liquidation of many leveraged financial derivatives, even the smallest two times or three times leverage has been wiped out.
This wave of decline has hurt long-term holders of ETH the most. The current price is even lower than it was four years ago, and even during the LUNA crash, the price at which ETH was bought was higher than it is now. Therefore, in the long run, only BTC has the value of preserving and appreciating.
Recently, even if it has stabilized, the market may not immediately recover. With such a large decline, it will take at least a few days of consolidation. So, everyone should hold steady. If we short again after stabilizing, there won't be much room below.