Is ETH still viable? Recently, the most common sentiment is to short ETH, driving it to zero!
Undoubtedly, this is an extremely irrational emotional statement and not a trend that is likely to come true!
My only viewpoint on ETH recently is: as long as BTC does not effectively break below the middle line (89500) and the lower line (87500), then ETH will eventually catch up, and it could be a sudden rise of several hundred dollars, possibly breaking 3445 at any time!
So, you can say ETH is indeed weak and indeed trash, but you cannot actually define it as trash in action!
Because this thousand-year-old second place, its status cannot be shaken by anyone!
Even this year, apart from BTC's spot ETF, it is ETH's spot ETF!
Maybe you can doubt if Vitalik is foolish, but you cannot doubt that those on Wall Street are really foolish; wealthy people and capitalists may be morally corrupt, but never doubt their intelligence!
Therefore, for those who have entered key points of ETH in recent days, after taking profits of 80%, the bottom position is just for me to keep. As long as BTC does not break the middle line and the lower line, just hold it for me until it explodes. In the last wave of explosion, ETH rose from 2403 to 3445 in one go; this wave could rise from 3100 to 4100 in one go as well. Since 2020, ETH has been best at this kind of sudden performance; it doesn’t pull unless it’s a big surge! It will not give you another chance to enter!
