Last week, ETH slid one-way and broke through the weekly Bollinger lower band, dropping from 1700 to 1503. Today, it’s already recovered back. Anything below 1700 belongs to the “pin” area. So buying spot in batches below 1700 is very likely to be profitable. If you’re only determined to bottom-fish at those extreme low levels—1380, 1288, 1122—whether you can actually get filled is quite uncertain: you either won’t get filled, or the price will quickly spike up and close, and without a pre-placed order you can’t buy in advance.

As for contract short positions, you definitely can’t intentionally try to take profit at those three lows below 1500. Even if 1500 later gets broken, you should avoid shorting; instead, only accumulate by buying the dips. Because the monthly lower band line extends only down to 1136—realistically, that’s the lowest it could reach. Even if there’s a black swan, it doesn’t mean it will accurately pierce the monthly Bollinger lower band line. So bottom-fishing shouldn’t aim for the absolute lowest point; “close enough” is fine. $ETH