I have a hunch that Ethereum will fall another 1,000 meters this year on this basis. From a fundamental perspective, there was no accumulation of funds at the bottom in the past, and the main force was not even prepared for that, so the difficulty coefficient of rising was very high. In the past, Ethereum threw out a large number of chips, which were taken over by retail investors, making it relatively difficult to recover the chips later. Do you remember the market's leading decline this year? It was mainly caused by ETH.

From a technical perspective, the continuation of a callback, to the second callback, this is no longer a callback. The first rebound and the second rebound did not form a reversal potential, which is itself a weak currency in a weak market. From the perspective of stock nature, it is not active. It finally launched a wave, and then continued to put out the fire. The unilateral rise is even weaker.

Judging from the performance in the past three days, it has fallen more than anyone else, and it has less callbacks than anyone else. It is obviously a "teasing you" play, and it will eventually go the old way of Ripple. The cycle has arrived.

Finally: For those who expect a bull market this year, you just need to have firm faith in the medium and long-term currencies. For short-term waves, the current chart is in destruction, and you need to rebuild the fundamentals and technical aspects, participate less or not at all, focus on preserving strength and avoiding unnecessary losses.