No matter what sins you committed in your past life, as long as you go all-in on ETH in this round of the bull market, everything will be paid back!
First, on 24.3.14, it broke 4 for the first time.
This round of ETH started from last year on 23.8.18, with Bitcoin at 24000 and Ethereum at 1500.
By the beginning of 2024, Bitcoin reached above 72000, and Ethereum reached 4K.
This is Ethereum's first break above 4 (24.3.14).
Second, break 4 again in December 24.
After 9 months, Ethereum broke 4 again, so let's see where other cryptocurrencies are positioned?
First, let's talk about our leading player: BTC, which has already reached a maximum of 108000.
Since launching from 24000, it has risen more than 4 times, approaching 5 times!
SOL: Since launching at a price of 20, it has risen to a maximum of 250, an increase of more than 10 times.
Take another look at a certain platform token: BGB, which has risen from 0.6 to a maximum of 8, an increase of more than 10 times.
So how about our ETH? From 1500 to the current position of 3.3K, it has barely doubled!
The performance is really unsatisfactory. Brothers who heavily invested are probably directly at a seaside villa (jumping off the building).
How are you feeling now? At what average price did you buy in?
My spot was entered around 3K at the beginning of this year, and later it rose to 4 before dropping below 3.
I couldn't hold on and cleared out at 2.7. In the second half of the year, I gradually invested all between 2000-2500.
As time goes by, I will regularly invest and increase my position each week, and now the average price has reached 2900.
This month, Ethereum broke 4 again, and just when everyone thought the bull market was returning, it broke below 4K again.
Dropped below 3.5, reached 3.1, testing the support at 3K.
It can be said that it has been extremely frustrating! The most mind-twisting gameplay is none other than this.
Gives hope, yet also despair. Just like the goddess inviting you to dinner, you think your opportunity has come.
Excitedly rushing over, only to find that the goddess has already finished eating with someone else and called you over to pay the bill!
Third, how will Ethereum perform later? Will we see the 2s again?
Last week, we tested the major support of 3K, and it held at 3.1 without dropping.
Then it began to rebound, reaching 3.6!
After the start of this week's weekly K, it began to decline and plummet, hitting a low of 3.3.
Gives a feeling of wanting to die, grinding people is the norm!
So how should we view Ethereum? Will it go to the 2s? After reaching the 2s,
How to operate? Will it drop to the 1s?
Let me clarify for you, allow me to elaborate!
First, we need to clarify what position and node Ethereum is currently in.
Since 23.8.18, we are currently in the fifth major node, which is the large range of 3000-4000 oscillation.
3K is a major support, 4K is a major resistance!
Breaking below 3K may trigger a bloodbath of chips, perhaps leading to the final FOMO madness.
Only by effectively breaking through the 4K position and stabilizing (at the weekly level) can ETH's bull market begin!
Next, let's review the phase trends of ETH and recharge your faith.
Know what stage and environment you are in, so you can hold on!
Fourth, Q4
The recent market trends of Ethereum in Q4 can be divided into three stages!
First stage: (2100-2800)
We start the first stage from the little black swan on 24.8.5. On August 5, Bitcoin dropped more than 10 points.
It fell from over 60,000 to 4.8! Ethereum directly dropped more than 20 points, from over 3000 to a minimum of around 2000.
This wave can be seen as a bloodbath for leveraged contracts, and it is also a method for the main force to wash the market. If the consensus on Ethereum is too strong, it is destined to be weak!
My Ethereum spot price is an average of 3K, and I added to my position at this level. So how will it go from here?
Since 8.5, it has been moving sideways, and by November 5, it had oscillated around 2080-2800.
It wasn't until after the 11th that it began to break through the 2800 bottleneck, rushing towards 3K, thus completing the first stage!
Second stage: (3030-3550)
The time node of the second stage is the moment Bitcoin breaks 738, which is when Trump was elected, and Bitcoin began to surge and break the previous high of 8.
Ethereum then began to strengthen gradually, as Bitcoin continued to rise to 90,000, Ethereum finally broke through the 3K barrier.
Hovering around the 3K-3.5K range, this trend has been sideways for another month! And with Bitcoin successfully breaking through the 100K barrier,
Ethereum finally broke through the 4K barrier, reaching 4092 last night, just a step away from this year's previous high of 4098!
Third stage: (bottom position looking at 3010, top looking at 4098 temporarily)
If we break through 4098 and effectively stabilize at 4K (weekly level), then we can start ETH's big bull market.
If it breaks the 3K barrier, it may trigger the last wave of a bull market, perhaps leading to a big bull!
Our operation mainly focuses on spot layout, with heavy defenses above 3K.
Contract players can operate by pursuing upward trends once 4K stabilizes effectively!
