No matter what sins you committed in your previous life, as long as you go all-in on ETH in this bull market, you will have paid for them all!
1. 24.3.14 First Break 4
This round of ETH started on August 18, 2018, with Bitcoin at 24,000 and Ether at 1,500.
At the beginning of 2024, Bitcoin reached above 72,000 and Ethereum reached 4K.
This is the first time that Ethereum breaks 4 (24.3.14)
2.24. Breaking 4 again in December
After 9 months, Ethereum broke through 4 again. So let’s see where other currencies have reached?
First of all, our leader: BTC, the highest has reached 108000,
Since starting at 24,000, it has increased more than 4 times, nearly 5 times!
SOL: Since its launch at a price of 20, it has risen to a maximum of 250, a 10+ times increase.
Let’s take another look at a certain platform coin: BGB, which has increased from 0.6 to a maximum of 8, a 10+ times increase.
So what about our ETH? From 1500 to the current 3.3K, it barely doubled!
The performance is really disappointing. Those who have invested heavily in the market will probably move directly to a villa by the sea (jump off a building).
How do you feel now? At what average price did you buy?
I entered the spot market at around 3K at the beginning of this year. It rose to 4 and then fell below 3.
I didn’t hold on and cleared out my position at 2.7. In the second half of the year, I bought all of them between 2000-2500.
As time goes by, I will invest more every week, and now the average price has reached 2900.
This month, Ethereum broke through 4 again. When everyone thought that the bull market would return quickly, it broke through 4K again.
It fell below 3.5 and reached 3.1, testing the 3K support.
It can be said that this is the most annoying way to play.
It gives people hope, but also makes people despair. Just like when a goddess invites you to dinner, you think your chance has come.
You rush over excitedly, and it turns out that your goddess has already finished eating with someone else, and is calling you to come over and pay the bill!
3. What will happen to Ether? Will we see the number 2?
Last week, it tested a big support of 3K and held at 3.1 without going down.
Then it began to rebound to 3.6!
After the weekly K-line started this week, it started to fall and fell sharply, and the lowest point was 3.3.
It gives people a lifeless feeling, and it is normal to wear down people!
So how should we view ether? Will it reach the 2-digit number?
How to operate? Will it drop to the 100s?
Let me clear up your confusion, let me explain it in detail!
First of all, we need to be clear about where Ethereum is currently and what node it is on?
Since 23.8.18, it is currently in the fifth major node, which is a large range of 3000-4000.
3K is a big support, 4K is a big pressure point!
If it falls below 3K, a wave of chips will be wiped out, and perhaps the final FOMO frenzy will begin.
Only by effectively breaking through the 4K position and standing firm (weekly level) can ETH’s bull market begin!
Next, let’s take a look at the stage trend of ETH and give you some faith.
Know what stage and environment you are in so that you can hold on!
Q4
Ethereum's recent market trends in the fourth quarter can be divided into three stages!
Phase 1: (2100-2800)
Let’s start with the black swan on August 5, 24. On that day, Bitcoin fell more than 10 points.
It dropped from more than 60,000 to 4.8! Ethereum dropped more than 20 computers, from more than 3,000 to a minimum of around 2,000.
This wave can be regarded as a bloodbath of contract leverage and is also the main force’s way of washing the market. If there is no way to have a strong consensus on Ethereum, then Ethereum is destined to be weak!
My Ethereum spot price is 3K, and I also added positions at this position. So what happened next?
It has been moving sideways since August 5th, and has been fluctuating around 2080-2800 until November 5th.
It was not until after November 5th that it began to break through the bottleneck of 2800 and rushed up to 3K, thus completing the first stage!
Phase II: (3030-3550)
The second stage is when Bitcoin breaks through 738, which is when Trump is elected. Bitcoin starts to break through the previous high of 8.
Ethereum started to strengthen gradually. As Bitcoin continued to rise to 90,000, Ethereum finally broke through the 3K mark.
Around the 3K-3.5K range, this trend has been sideways for another month! As Bitcoin successfully broke through the 100,000 mark,
Ethereum finally broke through the 4K mark and reached 4092 last night, just one step away from this year’s high of 4098!
The third stage: (the bottom position is 3010, the top is temporarily 4098)
If it breaks through 4098 and effectively stabilizes at 4K (weekly level), then ETH’s bull run will begin.
If it falls below the 3K mark and the last wave of long positions are liquidated, perhaps the bull market will begin!
Our operation is mainly based on spot layout, and we can guard the area above 3K with heavy troops.
After effectively standing firm at 4K, contract players can make operations in the right-side chasing pattern!
