Should I change my position when Ethereum performs so poorly?
After seeing Ethereum's recent performance, many people have this idea.
The first time Bitcoin was 60,000, Ethereum was 3,800
The second time Bitcoin was 60,000, Ethereum was 3,100
The third time Bitcoin was 60,000, Ethereum was 2,800
The fourth time Bitcoin was 60,000, Ethereum was 2,400
But so what!
Don't worry, Ethereum will definitely rise. Why?
The Ethereum community is a giant in the community. Although miners occasionally complain, it cannot stop the fact that it is the second largest in the blockchain industry. Moreover, there is a group of die-hard fans who stand firmly on its side. The territory is stable and the confidence is strong. What is there to be afraid of!
The big guys and institutions behind it hold a lot of Ethereum goods in their hands. They are not easy to deal with. They will not do business at a loss. If Ethereum is shaky one day, they will have to find a way to stabilize their position, or even find an opportunity to pull it up. If we follow their pace, we may get some benefits.
To be honest, from any angle, Ethereum is now far ahead of most projects on the market. Don't worry, let's wait for the wind to come and the flowers to bloom.
As for why it will fall, the reason is not difficult to understand:
First, the overall market environment is like this. Everyone is adjusting, and Ethereum is naturally not immune. There are many coins that have fallen sharply, and it is not the worst.
Second, in order to attract attention, some new projects like to use Ethereum as a target, make small moves, and incite community emotions. As a result, a lot of people follow the trend and sell, which is quite common in commercial competition.
Third, retail investors are easily affected by the outside world. If there is a slight disturbance in the market, they will change their minds and follow the trend. There is nothing they can do about it.
In short, although Ethereum has encountered some setbacks now, the foundation is still there. Let's wait and see. Maybe we will see its rise again soon!
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