Why can't Ethereum rise?

The first reason is that the previous round of adjustment was not enough, and there are some speculators who have not been washed out; they are not true diamond hands, and they have also benefited from this wave of Ethereum's increase.

The second reason is that the current sentiment among retail investors is too optimistic, making Ethereum's situation quite heavy, and many people still do not believe in bad outcomes.

The third reason is that the large holders' chips have not been fully exchanged yet. You have to think about the pressure of selling when your Ethereum worth tens or a few dollars gets pulled up to tens of thousands. If you are the main force, you would definitely have concerns about this.

These are several important reasons why Ethereum cannot rise in the short term. Only after the vast majority of people, especially those without faith in the market, have completely exited, might we see a true bottom.

However, I believe this process will be very tragic. Including many partners who firmly bottomed out at 2200, they definitely did not expect it would drop to around 1300.

Finally, if you are still continuously losing money in this circle, without your own ideas or strategies, you can join the group.

All strategies and market movements are shared more than half a month in advance, giving you ample time to decide on your actions.

Including when this wave will rise, we have already made it public in the group.