The intention of the main players in this ETH surge is too obvious!
Many people see ETH continuously rising without a correction and are eager to invest everything. But experienced investors understand at a glance that this is a common tactic of the main players: deliberately not correcting, to prevent retail investors from acquiring chips at a low price.
The main players will keep pushing the price up until you start to fear missing out on the opportunity. Once you finally can't help but chase the high, a sudden sharp drop will trap you at the peak. After they finish harvesting retail investors, they will slowly pull the price back up.
I'm not bearish; I still have a bullish outlook in the medium to long term. But it's essential to be clear-headed and recognize that the main players' real target might be in the range of 4800-5000. Once it reaches this level, there is a high probability of a deep correction of about 30%. This kind of violent price increase requires washing and turnover; otherwise, the price simply cannot hold.
Remember, the main players are here to harvest retail investors, not to give away money.
My advice is straightforward: don't let the surge cloud your judgment; wait for a correction before entering the market. Only those with patience can pick up the cheap chips that the main players throw out, instead of foolishly taking on high-level trapped positions.
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