Brothers and sisters, I have to vent about this ETH today—it's really driving me up the wall!



First, look at the price: 2326 bucks. If you say it’s going up, it’s like toothpaste being squeezed—up only 0.35% over 24 hours, as if nothing happened. If you say it’s going down, it just refuses to fall, stuck in a half-up, half-down spot, so frustrating it makes people scratch their heads. Then look at the Bollinger Bands: the upper band is 2420, the lower band is 2214, and the middle line is 2317. And right now the price is hovering right around the middle line, like a headless fly—zero sense of direction.

Next, take a look at the 24-hour data: the high is 2338, the low is 2300. The fluctuation is so pathetic—trading volume is 220,000 coins, and the turnover is only 518 million. Compared with BTC’s order book/market—it's basically like a small puddle; it can’t even kick up a splash. The candlesticks are even more ridiculous. A few days ago it finally surged up, and now it has fallen back to before the breakout. The upper Bollinger Band is being pushed down step by step, and the middle line is also drifting downward—looks like it’s about to dive straight into the lower band.

Even the MACD just pours a bucket of cold water on me. It’s still negative, with not even a decent rebound. Every time it pulls up a bit, it gets smashed down again—totally like the main force is luring people in to chase. Before, people used to say ETH is the leader of public chains—so what now? When BTC rises, ETH only follows up a tiny bit; when BTC falls, ETH drops faster than anyone else. It’s like a tailing dog—no spine at all.

In the group, people keep shouting every day that ETH is going to explode. They’ve been saying it for half a year, and yet it’s still just hovering around 2000+; meanwhile BTC is already at 80k, and ETH hasn’t even touched its previous high. It’s basically a hopeless case. With this kind of market, it looks like it’s going to keep getting hammered downward. Whoever charges is the one standing guard—I’m not touching it. Let it go up, let it go down. I’m just lying flat and watching the show. Whoever wants to gamble, go ahead—I’m scared of this stuff already. $ETH
ETH0.52%
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