I know that $ETH is the disappointment of this cycle.

I am also aware that I have been wrong about the asset, because the crypto market is no longer what it was and this cycle is nothing like the previous ones. Neither by rotations nor by anything.

Still, it makes no sense to be bearish now.

In the past, we needed three of the biggest black swans to break these zones. And the minimum we made wasn't even organic, but a consequence of the liquidation of 3AC positions.

Investing is not about always being right, but making decisions where the potential reward outweighs the risk.

Can it correct another 40%? Yes, but it's complicated without other black swans. The bears seem exhausted, the market is clean of panic-sellers...

Surpassing what we have already experienced would seem difficult. This in a context of greater acceptance, with ETFs, etc.

This potential loss compared to the upside it can have is nothing. Even if you are a much more conservative investor and seek less ambitious goals.

IMO if you can buy/average ETH here and have patience, the chances of winning are extremely high.