Oh no, ETH at $2369, this price makes me think of the last bear market. Although it’s up 2.16% today, honestly, at this price level I feel a mix of emotions.


I remember when it was $3000, I was still shouting "ETH to 5000," but now looking at the number 2369, I can only smile wryly. But on the other hand, being able to rise from 2306 to 2380 today at least shows that some people are still bottom-fishing, which makes me a little more at ease.
The most interesting thing is that the Fear and Greed Index is at 33, definitely in the fear zone. As an old trader who has been educated by the market several times, I actually think it’s better to stay calm in times like this. The last time I saw this index combined with this price level was probably around late 2022, when everyone thought the world was ending. And what happened? It gradually climbed back up later.
A trading volume of 363M indicates that there is still capital flowing in and out, not completely dead. A 3.18% fluctuation for ETH is also normal, without the crazy feeling of wild surges or crashes.
At this position, I really don’t dare to go all-in anymore, afraid of getting caught. But I won’t be completely out of the market either, since ETH’s technicals are solid and the ecosystem is still there. It’s just that this market, man, it’s really a love-hate relationship—love its endless possibilities, hate its unpredictable changes.
Anyway, my current strategy is to buy some if I have spare money, watch the show if I don’t, keep a calm mindset, and just hold on.
ETH-0.8%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
K
· 8h ago
Buy the dip 😎
View OriginalReply0
  • Pin