11.5 Ethereum Drop Reminder
Target at 1800, the support level of 2150 does not need to be considered, it is very likely to be an invalid support.
Staying up late tonight to monitor the market, originally thought there would be a single drop exceeding 10%, but that didn't happen, continuing to patiently wait...
The current drop cannot be considered a real drop yet, as Ethereum solidified bullish sentiment last month, with a large amount of bullish positions, the nightmare for bulls has just begun.
No need to consider external factors, such as Trump's election, these are irrelevant, regardless of who is elected, it has nothing to do with the current 'market situation'. It is impossible for a 'leveraged lender to rebound 300 or 500 points if Trump is elected. If it can rebound to 2700, the leveraged lender would need to make a large payout, as there are too many bulls, especially after the recent support rebound. Now, even a slight support rebound leads to an absurdly high entry rate for bulls, unless there is a 'bear trap consolidation', but it is evident that this is unlikely.
