Ether successfully broke through 4000, and after a large batch of put options expired on Friday, bullish traders managed to regain a position. Currently, the Bull vs Bear Battle is intense, and under the interference of the Fed's noise, most people are still panicking or observing, looking at the neighboring gold and US stocks. At this time, buying the dip cannot be said to be like picking cabbage, but it is also an excellent opportunity for a bend overtaking.

ETH breaks below the 4000 level, with the previous support turning into resistance.

But a pullback is not bearish; it is time to test your mindset. Bottom fishing is not about chasing the lowest point, but about buying in batches and controlling your position. The harder it falls, the cheaper the chips are. When the market rebounds in the future, your patience will yield the greatest returns.

Currently, the 4-hour RSI is severely oversold, and at this time, positioning for a long-term entry at 5000 is undoubtedly the first best point. In my view, this pullback is merely a correction in the mid-term of a slow bull market. Relying solely on technical analysis will only make one a seasoned trader who chases highs and sells lows.

The second dip is at 3835 and 3785 for long positions, first targeting the 4000 level!
#今日你看涨还是看跌？ #ETH