Yesterday I talked with a friend about the recent Ethereum market. I asked him if $ETH drops to around 1500 again, would he dare to buy the dip.

He said: "I still wouldn't dare to buy the dip. If it drops back to 1500, it might be over, and there could be even lower lows later on."

People are easily guided by emotions. At that time, the ETH market around 1500 faced all kinds of FUD from the media, but now with ETH at 3800, various Ethereum micro-strategies have emerged.

On-chain data and media reports should just be taken with a grain of salt,

What kind of price brings about what kind of story.