Let's analyze the ETH midday trading. I mentioned it before. ETH came back to buy the bottom after a week. This is because Grayscale holds 2.6 million ETH and sells 100,000 every day. It not only hedges against the ETF's purchase, but also buys more than the ETF! (Yes, Grayscale was also the one who dumped the BTC ETF last time)
As a veteran professional dumper, Grayscale will not digest all the selling pressure in one or two days. One week is just a conservative estimate! It may even take two weeks or more! (Of course, in order to prevent missing out, it is a normal choice to buy the bottom in a week)
Based on Grayscale's holdings, this round of dumping may have an amplitude of about 1,000 points. The weekly line has a support of 2,500. Let's say that this position is the most ideal position. It is simply perfect to be able to buy the bottom at this position. Of course, in order to prevent missing out, you can enter the first position below 3,000, and then hang up for a month and lie flat and wait for it to rise!
