This morning ETH is hovering around 4,318 USD, fluctuating within the range of 4,260 to 4,475. For addicted students, this is like the end-of-month balance: just enough to order a few bottles of beer, but not necessarily enough to book a VIP table.
In the short term, the support zone of 4,200–4,300 is like the familiar street-side bar. Every time ETH drops here, addicted students feel reassured because there’s still a place to drink with friends. But if it breaks 4,200, it’s like losing the hangout spot, having to sadly return to the dorm to drink iced tea. On the contrary, if it surpasses 4,500, it’s like swiping a card to enter an upscale club, with EDM lights flashing, and the target of 4,800–4,860 is the moment to call for more dancers at the table.
On the daily chart, ETH just skyrocketed to 4,955, drank too much, and rolled back to 4,600 to rest. But for addicted students, this is quite normal, like "a bit tipsy but still able to continue." If the ETF staking is approved and institutional money flows in, it’s like having a rich brother sponsoring, bringing everyone to the bar at 7,000, even booking a private room.
On the weekly chart, experts are drawing a scenario where ETH will rise to 7,500, 10,000, even 12,000 to 20,000. It sounds like a dream, but for addicted students, that is the expectation after graduation: having a good job, earning a thousand dollars, gas fees are just tips for DJs, and the bar becomes a second home.
The strategy at this moment is quite clear. Accumulating around 4,200–4,300 is the time to "buy the ticket to enter." If it surpasses 4,500, then buy more like "calling for another bottle of liquor." The target of 4,800–5,000 is a reasonable point to sell to settle the bill, avoiding being chased for debt. Anyone who can hold on long enough can keep it until 7,000–10,000, at which point they won't just pay for the bar table but will also cover the whole floor.
Addicted students are still the same, poor but willing to spend. They use gas fees to change the bar lights, using red and green candles for EDM music. Traders are not much different; when they see ETH in the green, they rush to order a bottle, then shout loudly: “Playing big means having great parties.”
I don't believe that any BTC Down 2.5-3k is the right time to enter. What about you guys down below?