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Just took a quick look at ETH today, casually chatting.
This afternoon, I was bored and checked the market. ETH is roughly fluctuating between $2,100 and $2,300. To be honest, the recent trend has been a bit frustrating, going up and down all the time, making people feel itchy inside. I guess many people, like me, want to buy the dip but are afraid of getting trapped, want to cut losses but are reluctant.
But looking at it from another perspective, a pullback is always better than a continuous rise. If it rises too fast, it can cause panic; a dip makes the chips feel more solid. I observed the market, and it seems like there’s support around $2,100. Several times, it hit this level and bounced back. I don’t know if it’s the whales protecting the market or everyone’s psychological expectations are similar, but this level feels quite interesting.
The trading volume has indeed decreased a lot, much lower than the recent peak. Some say that shrinking volume is a good sign, indicating less selling pressure; others say that rising without volume is just playing tricks. I’m not really into technical analysis, but I think as long as it’s not a sudden spike in volume to dump, a steady decrease in volume during a pullback is normal.
As for me, I plan to keep holding and buy a little more on dips. I’m not expecting to get rich overnight; just want to follow the trend. In crypto, mindset is way more important than technical skills—panic easily leads to mistakes, greed makes you stand still. Take it slow, no need to rush.