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Ha, ETH is starting to make small moves again, at $2362, jumping 2.32% overnight.
As an old rookie who has been cut countless times in this circle, seeing ETH's trend is no surprise.
From $2307 to $2398, roughly a $100 range back and forth, with a trading volume of over 700 million, what does this volume indicate?
Retail investors are testing the waters, while big players are watching.
The most interesting thing is the Fear and Greed Index, at 40 points, a standard Fear zone.
Basically, everyone is afraid, but the price still managed to rise over 2%.
I've seen this kind of divergence many times—either bottom-fishing funds are starting to enter, or the main players are shaking out the weak hands.
The last time I saw this "fear index but price sneaking up" combo was at the end of last year.
Back then, I thought the same, and a few days later, a small bull run came.
Of course, I might be mistaken; after all, I’m getting old and tend to remember selectively.
Honestly, at this position, it’s quite awkward. ETH has been stuck in this $2300-$2400 range for several rounds.
Breaking through $2400 might have a chance, but dropping below $2300 probably means heading back to $2200.
Anyway, I’m just taking a laid-back approach, treating my small ETH holdings as a pension fund.
Speaking of which, Bitcoin’s funding rate is still normal, with no signs of overheating.
In times like these, you have to be extra cautious—market sentiment can change in an instant.