A massive storm is sweeping in, and the subsequent plunge in prices has likely caused the wealth of many to evaporate in an instant. Here, I would like to specifically talk about Ethereum—the cryptocurrency that has faced the most criticism during this storm.

The price of Ethereum has hit new lows, which is truly lamentable, with a minimum reaching $1555. At this moment, if I shout bullish, I fear it would invite a chorus of criticism. But I still want to share some personal insights; if there are disagreements, please be gentle.

From the monthly chart, the current price is near the 0.786 retracement line from the bottom to the top of this bull market, and in my opinion, this is quite an ideal bottom-fishing position. If this support level is also breached, then Ethereum may indeed face severe challenges. However, regardless, I believe the support here is quite strong, and attempting to capitalize on a rebound offers good value. Of course, what I mentioned is based on the assessment of the spot market, and contract trading is not within my considerations.

I have already built my own position, and if the price continues to drop, I will still firmly buy in. I hope I won't be slapped in the face this time. Comment with 188 for the unpredictable and bring #加密市场回调 #美国加征关税 .