The recent trend of Ethereum feels like a roller coaster, thrilling enough to make your heart race! The price is currently oscillating around 1800 dollars, with undercurrents in the market. Should we boldly buy the dip or hide and observe for now?

Let's have a chat. Recently, there have been several major news events that have stirred the market into a frenzy. Ethereum's price has been stuck at 1800 dollars for a long time, unable to go up or down, like two strongmen arm wrestling. There are many buy orders placed between 1722 and 1741 dollars, which seems to act as insurance for the price. But suddenly, a 'ghost price' of 721 dollars appeared, startling everyone. Later, it was revealed that there was a glitch in the exchange's trading program, causing a false alarm, but the savvy ones know that this was a tactic by the big players to scare those using leverage, aiming to shake out their chips. Moreover, a large holder secretly transferred 35,000 Ethereum to Binance, and the price on Coinbase is also lower than elsewhere, clearly showing that they are accumulating 'ammunition' to prepare for a dump!

Looking at the technical indicators, things don't look very optimistic either. The MACD indicator seems to show a signal for an upward trend, with two lines crossing, but upon closer inspection, the momentum is simply not enough, like a sapling trying to withstand a strong wind—it has no chance. Historical data shows that for a real rebound, this indicator would need to rise more than double. The current signal is just a 'placebo' for retail investors, with no real use. The trading volume is also off; the trading volume in the last two hours is less than a quarter of the usual, yet the coins in the exchange are increasing.

It's like everyone is panic-stricken and running out, while only the big players quietly gather cheap assets. The news is mixed; just as the founder of Ethereum said there was good news about the upgrade, news came from the U.S. about regulating DeFi, and when Bitcoin's price dropped, Ethereum followed suit, plunging the market into panic as the bullish momentum is quickly depleting. Now, this situation is truly perplexing. It's often said, 'When others are fearful, I am greedy,' but rushing in to buy the dip now means you are either a sharp-eyed expert or just cannon fodder. Everyone should think this through!