🔥 ETH drops below 2100, is this a trap or a sign of an impending crash?

This wave dropped from 2198 all the way down to 2063, with the bulls being pressed to the ground and rubbed.
MA5/MA10/MA20 all show death crosses, and EMA is also bearish, with a 24-hour trading volume of 276 million indicating that funds are indeed fleeing.

But pay attention to one detail: spot traders using 10x leverage have already triggered a large amount of panic sell-offs.
The staking sector has introduced a new narrative with insurance; Soter Insure offers protection against penalties for Ethereum staking. In the long term, it's about insuring the PoS ecosystem, but in the short term, no one is willing to buy into the sentiment.

Bottoms are always carved out, not announced.
At the 2071 level, first see if it can hold above MA5—if it can't, then it needs to grind.

Additionally, the primary market has been quite lively recently,
Puppies community governance is taking a meme route,
Already listed on Zhima Alpha,
Ending with 6eb2.

Expectations should be lowered, and observation should be proactive.
Bitcoin is stagnant, and altcoins are all about their own skills.

#ETH #交易思维 #一级市场 #meme @$BTC @$GT $ETH