Ethereum Plunge Warning! But don't panic, this plunge is an opportunity!
Listen, this drop in Ethereum is a done deal, but I think it's too early to be scared! The overall environment hasn't deteriorated at all, and the charts indicate this is just a healthy correction. I judge that this sell-off will ultimately form a position higher than the last low, but now the key is how long it will last?
I was pondering that the Fed meeting might trigger a trend change, but the crypto world often plays to its own rhythm. If we truly want a major bull market to take off later this year, we must wash out those who can't hold on and frequently cut losses! So I estimate that this wave of bearish sentiment-driven sell-off will end in three to five days at the fastest, or at most one to two weeks. This is based on my review of so many historical trends and charts, along with my own experience of being hit.
To be honest, this correction can't drag on for too long! The market fundamentals are actually improving quietly.
Moreover, at this position of Ethereum, it's much lower compared to its previous peak, how much lower can it go? The space is really limited! Bitcoin's price is so high now, it could crash at any moment, while Ethereum seems more resilient. Shorting? The risks now are much greater than going long!
My core viewpoint is: the downside is limited, and shorts are more dangerous than longs! For those looking to increase their positions, be patient and wait for a better buying point. As for the veterans, if you want to play short, you can, but remember this is just a short-term trick! I firmly believe that within a few days, the chart trend will completely reverse, and then the market will choose to rally again, especially when looking at the long-term view, the bull market pattern hasn't changed!
Blindly going solo will never bring opportunities, follow me for insights into tenfold potential coins! Top-tier resources!
