I also think Ethereum will definitely fall below 1400!
First, let's talk about this wave of Ethereum's crash, plummeting from 4100 to 1385, dropping so fast and hard.
This wave of market action has buried all those who previously said they could make money just by buying with their eyes closed. Especially those who bragged about the bull market and said you could buy anything, now probably don't even want to look at their phones.
But from another perspective, this sudden drop is actually a good thing—it shows that this thing is really valuable; otherwise, why would the big players go through so much trouble to smash the market? After all, both smashing and pumping the market require real money, it's not just a game.
Looking at the weekly chart, the crash just hit a key support level, and last week it closed with a high-volume doji, which are common signals for stopping declines in a bull market. If even this key position cannot be held, then we really need to worry about the end of the bull market.
Now some people are scared by the drop, watching various policy news and shouting that a bear market is coming. If it were that simple, the crypto world would be filled with millionaires, and there wouldn’t be so many people losing money and exiting the market.
Determining bull and bear markets is not something that can be decided by looking at a few days of ups and downs; it directly determines whether you should buy or sell. Many people want to short as soon as they see a rebound, which is like walking towards the edge of a cliff with their eyes closed, thinking they’ve found a great bargain.
In fact, the market already has the answers: there is technical support, the policy side is still developing Web3, large institutions are still entering the market, and the fundamentals of blockchain applications are increasing, while the negative news has mostly been digested.
But many people are scared stiff by this wave of crashing and only focus on short-term trends, not understanding these deeper signals, naturally being led by the big players.
Ultimately, don’t be frightened by short-term crashes, and don’t just listen to news and act recklessly. Pay attention to the larger trends, integrate the factors of technology, policy, and capital, and you won't be treated like leeks by the big players.
In this market, those who are panicking see risks, while those who are stable see opportunities; it just depends on which side you stand on.