The importance of mindset in investing in cryptocurrencies like ETH is self-evident. After buying ETH for $3000, when it rises to $3500, there is great joy; and when the price further climbs to $4000, the happiness doubles. However, when the price rapidly falls back to $3500 from $4000, the mindset changes abruptly, and feelings of regret and remorse surge, simply because the opportunity to sell at $4000 and earn an additional $500 was missed. In reality, the intrinsic value potential of ETH has not changed; it still has the potential to reach $5000 or even higher; the only thing that has changed is the investor's mindset.

If the mindset is not corrected in a timely manner, it often leads to two adverse consequences. First, if the upward trend has not ended, when the price rises again, due to the previous psychological shadow, investors may fear a pullback and hastily take profits, thus missing out on greater profit potential. Second, if the upward trend has indeed ended, investors will remain fixated on the previous high, stubbornly hoping to sell at that point, but during this time, the price continues to decline, ultimately leading to the gradual disappearance of profits.

Therefore, investors must maintain a good mindset and discard the obsession with chasing the highest point. Investment decisions should be based on rational expectations; if it is judged that the market will continue, then hold firmly onto the coins without fear of a pullback, as a pullback is often followed by a new round of increases; if it is determined that the market has ended, then sell decisively and do not cling to returning to the previous highest price.

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