Wow! $ETH This wave of decline made my back go cold, everyone who called for a short earlier made a fortune, and I'm still hesitating whether to chase or not.

Just now I saw $ETH drop from 1,739 all the way down to 1,721, that feeling is like watching someone eat hotpot while I can only smell the aroma. At this position of 1,702, it has fallen more than three points in 24 hours, and the market is full of bears pushing down.

Honestly, I am the kind of person who wants to run at the sight of a needle spike. Someone posted earlier saying this position could be shorted, I thought it was too aggressive at the time, but it turned out they doubled their position.

I watch the market, my heart pounding, not because I opened a position, but because I watched the opportunity slip through my fingers.

Missing the boat is even more painful than losing money, really.

Now with $ETH 's trend, once 1,721 breaks, there’s almost no solid support below. The funding rate is also quiet, indicating the market hasn't reached an extreme, and bears can still push.

I'm not here to call trades, but I think those going long at this position need a bigger heart.

Stop-losses must be set properly. If it breaks, accept it and don’t hold on stubbornly.

The US-Iran Memorandum of Understanding has been electronically signed.

That recent news about the US-Iran signing the memorandum, combined with $ETH 's decline, is actually quite interesting.

Easing Middle East tensions is a short-term positive for risk assets, but the core is the Fed's rate hike expectations. When the dollar strengthens, crypto assets will have to pull back. The essence of this wave of correction in $ETH is still liquidity being drained.

Next, there’s a 60-day window for nuclear negotiations. If cracks appear in the talks, the rekindling of Middle East risks and a strong dollar will create double pressure, and altcoins are likely to fall more than $ETH . Funds will prioritize gold over crypto as a safe haven.

Do you think $ETH can hold at 1,700? Or is there a big drop waiting below? #我的Gate交易时刻
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