đ¨đ¨ Ethereumâs Correction ContinuesâPatience is Key! đ¨
đ Ethereumâs Bearish Wave is Not Over
Recent data reveals a staggering $50M in long liquidations for Ethereum on Coinglass in the past 24 hours. This signals that the current bearish wave, or correction, is still in play. đ
đ Possible Price Levels to Watch
Ethereum could drop to the $1500-$1750 range, and some calculations suggest it could even hit $1200 or an extreme low of $800. Although it might not plummet that far, these levels are crucial to consider in the current market climate. đ
đ°ď¸ Why Itâs Too Early to Go Long
Going long on Ethereum now might be premature. The market will offer clear signals when itâs time to enter, likely marked by a swift surge in green across the board. Waiting for this signal is crucial to avoid premature entries. âł
đĄ Market Bottom Insight
The bottom isnât here yet. Historically, when Ethereum reaches its bottom, the market will react with an unmistakable burst of bullish activity. Until then, patience remains the best strategy. We must be vigilant and wait for those clear signs to make a move. đ
đ Patience is Key
The current red phase isnât the endâitâs a signal to hold steady. As traders, our best tool right now is patience. The market will reveal the bottom when itâs ready, and thatâs when the real opportunities will emerge. đď¸
Stay cautious and patient, and remember, the best trades are made with strategy, not haste. đ
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