The decline of Ethereum is not over? Will Ethereum fall below $1,000 this year?
The decline of Ethereum from 4100 to 1385 was very urgent, unexpected and exciting.
Basically, I burst all the fearless long orders before, and none of them were spared.
Especially when I said that the bull market was coming, I could make money by buying anything. Ethereum forced my eyes to buy, and the faith of those who completely collapsed in this round of decline.
However, in my opinion, judging the current background trend is a bull market, the more such a sharp drop, the more it shows a problem: it is too valuable.
Only investment targets that are too valuable will cause the main force to work hard, because smashing and pulling the market are costly and risky, and it is not just about smashing it if you want to, pulling it if you want to.
If even important support can fall below and there is no reversal signal when it falls to important support, it really means that the bull market is over.
Some people judge the bull and bear trends very casually. When they see the decline, they listen to the news. Some policies released by these politicians, after falling so much, they think that the bear market has come. This is really irresponsible for their own investment.
The bull and bear trend is really that simple. If people in the currency circle get rich long ago, so many people will not withdraw from the currency circle.
You should know that your judgment of bull and bear trends is completely different for subsequent strategies.
Many people think that it is a bear market now, and think that the rebound will fall sharply in the future, forming a short rebound thinking.
In my opinion, this is burying mines for myself. One foot has stepped into the abyss, but I don’t know that I am still secretly happy to enter heaven.
#ETH