From April 21 to 23, Ethereum rose about 14% and surpassed the $1,800 mark for the first time since the start of the month. This rise comes after the coin had fallen more than 40% in the last 3 months. The market is like a yo-yo, a strong rise after a stronger drop.
This rise didn't happen alone, it's a wave of growth that included almost the entire market: Bitcoin rose and reached $94,500, and Solana, Dogecoin, and XRP rose between 7% and 11%.
The fear and greed index is now at 72, which means people have become greedy and are ready to buy, and the CME exchange that institutions deal with has seen a drop in Ethereum selling to the lowest level since the beginning of the year. When there aren’t many people betting on a drop, there is room for the price to rise. Investment funds that buy Ethereum have invested around $38.7 million in just two days. This means there is renewed institutional interest, which is a strong reason for the price to rise.
But let's stop here and tell you a very important story.
One of the famous traders bought 1,805 ETH 6 months ago when the price was $3,559 per coin. The guy spent $6.42 million but when the market dropped, he got scared and decided to sell two weeks ago at a loss of 56%! He lost more than $3.6 million.
And today when Ethereum started to rise again, he said, "The opportunity has come" and bought another 1,734 ETH at a price of $1,792, spending around $3.1 million.
The result?
Bought high, sold at a loss, and then bought again while hesitating.
His actions are all based on fear and greed, not analysis.
What we need to learn from all this
No buying decision should be made emotionally
The market is very tempting, but you need to understand what's behind it. There is no such thing as "you'll miss the opportunity"; the market always has opportunities, but the important thing is when to enter and when to exit.
Learn to read the indicators
RSI tells you whether the market is oversold or overbought.
Support and resistance define where people buy and sell.
Now for example
There is support at $1,620 and $1,490.
Resistance at $1,824 and $1,892. If the price breaks these levels, we might see
Know how to set a plan
Set your goal for the trade and establish an acceptable loss percentage. Don’t chase the price... stay grounded.
So should we buy now or not?
Wait
Follow economic news, don't put all your money in at once, buy in stages. Movement in the market should be based on logic and analysis, not emotion.
And the story of this trader should remain a lesson for anyone thinking of entering crypto. Not every rise means buy, and not every drop means sell. The one who wins is the one who understands the market, not the one who is scared or greedy.
And this is just an analysis and opinion, not financial advice
