Ethereum has been a hot topic in the crypto world, with investors constantly debating whether now is the right time to buy. While it might be tempting to jump in at current prices, I’m choosing to hold off for one key reason—I believe there’s still one more significant wave of selling that hasn’t hit the market yet. Here’s why I’m sitting on the sidelines for now, waiting for the market to play out before I make a move.
One More Drop is Coming
It’s easy to get swept up in short-term rallies, but the bigger picture suggests that Ethereum could still face a final leg of selling pressure. Historically, markets tend to go through a process called “capitulation” before truly bottoming out. This is when sentiment hits rock bottom, panic sets in, and even the most resilient holders start selling. The market squeezes out all the weaker participants, leading to one final drop in prices before a recovery takes shape.
Right now, ETH is fluctuating, bouncing between key zones. But we haven’t seen that real flush-out yet—the one where the market completely bottoms out. The market still seems uncertain, and I believe it’s waiting for that last round of heavy selling before we see any sustainable upward momentum.
Let the Market Squeeze Out the Weak Hands
In my view, we need to let the market do its thing—squeeze out the weak hands, trigger the sell-offs, and allow prices to drop to a point where buying pressure can finally take over. When that happens, stronger investors will enter, and that’s when the true ride begins. Trying to time the market in the middle of uncertainty is risky, but waiting for that clear sign of capitulation could provide the ideal entry point.
We’ve seen this pattern before in the crypto market. It’s like a storm—before the skies clear, there’s usually one final gust of wind. I’d rather wait for that moment than enter prematurely and risk buying at a level that still has room to fall.
Break and Retest $2300
Another key level I’m watching is $2300. If Ethereum breaks below this level and retests it, it could confirm a new support zone. Waiting for this break and retest will provide a clearer signal that the market has found stability. A successful retest would give me more confidence to enter, knowing the market is less likely to keep dropping.
This level acts as an important technical marker. If ETH can break and hold $2300 after the final sell-off, it could signal the end of the downtrend and the beginning of a more stable upward trajectory.
The Strategy: Patience Pays Off
So, what’s my strategy? Patience. I’m waiting for the market to hit that low point where it squeezes out the last bit of uncertainty. When ETH finally hits that floor, I’ll be ready to jump in. By waiting for the right moment, I believe I can avoid getting caught up in short-term fluctuations and instead ride the wave of recovery.
Sure, this strategy requires discipline, but it’s one that has paid off in the past. It’s better to wait for clarity and strength in the market than to buy in during a period of uncertainty. I’m not worried about missing a quick bounce here and there—I’m focused on the bigger picture and the long-term potential of Ethereum.
What Comes Next?
Once the final leg of selling is complete and ETH confirms the $2300 level, I expect Ethereum to stabilize and build a stronger foundation for growth. When the market finally clears out all the noise and panic, it will set the stage for a healthy recovery, and that’s when the true gains can be made. Until then, I’ll be watching closely, waiting for the signs of capitulation before I make my move.
In short, while many are eager to buy ETH right now, I believe the market still has one more dip ahead. By staying patient, watching for the $2300 level, and waiting for the final sell-off, I plan to enter the market at a point where the risk is lower and the upside potential is much higher. As always in crypto, timing is everything.
