Brothers, I've reduced my position in Ethereum;
This round of the market has really drained me,
I entered the market in July and August, with some at 2900, 3000, and even 3100. I also averaged down at 2300—2400—2500. Now I'm taking some off the high positions, it's been stuck for a few months. Although it has been a bit strong these past two days, there are too many trapped positions at the 2900 level. Plus, we are facing the psychological barrier of 3000 dollars, and it needs to consolidate here before it can break through. With all the good news being realized now, I'm cautious; I'm afraid Bitcoin might slightly pull back, and Ethereum would just deflate like a balloon. I recall times when it dropped from 2800 to 2300, those days were really tough, especially since the MACD is still under water on the weekly 2, 3, 5, and 7 days. The pullback during the day doesn't have enough follow-through momentum, unlike Bitcoin, whose weekly MACD has been above water for a long time. So I'm going to take back some bullets, waiting for it to break above water before adding back to my position.