The drop in Ethereum today is brutal! It has directly pierced the $2400 barrier, and the current price of $2399.34 feels like a knife hanging in mid-air, ready to fall further at any moment. In just the last five minutes, it dropped 0.32%, and the market is clearly starting to panic; this is no small matter.
I dare say, this is definitely not the bottom! From a technical perspective, the bears are still aggressively selling, and the $2300 support level is likely to face severe testing. Those shouting about bottom fishing, I advise you to stay calm; entering the market now is like catching a falling knife, be careful not to get cut badly.
Exchanges will take the opportunity to make money; OKX has launched new user promotions and a 20% registration bonus today, which frankly is just a way to lure newcomers into the market. But guys, don't let these small perks blind you; depositing money at this time is like jumping into a fire pit.
In all honesty, the market today is as fragile as paper; even a slight wind or rustle of negative news can trigger a collapse. I advise everyone to raise their risk awareness to the highest level. If you need to stop loss, don't hesitate; preserving your capital is the hard truth. Remember, surviving in a bear market is more important than making money; don't be the fodder!
Still unsure how to operate in this kind of market? Follow me, I'll give you strategies, and execution is up to you!
