$ETH ‌ From a macro perspective on Ethereum

Since the market surged to $4950 in August last year, a defense line was established at $4060 to defend Ethereum, but ultimately the defense was broken. At that time, influenced by market sentiment and various news factors, the market launched the final attack in the last bullish rally. However, when the market hit the strong resistance zone of 4750-4780, the miracle did not happen, followed by the annual black swan event 1011! Afterwards, after some time, the market did not stabilize above $4000, marking the end of the bull market!
After the bull market ends, the market will only manifest in two ways: first, range-bound oscillation; second, transition from bull to bear. In the later stages, we see the market trending downward in a large cyclical oscillation, entering a bear market.
#ETH# Ethereum
As for whether the bear market in the crypto space will turn around and usher in spring, we can see that the current price and range show good support at 1750-1800. The strong resistance at 2150 has been effectively broken through. After a surge to 2200, although it did not stabilize, it clearly shows that the bulls have a significant advantage, and the market is forming a healthy upward trend with a large-scale oscillation, indicating a bottoming out. Therefore, the advice for retail investors is not to easily give up your holdings, stay defensive, and keep a big-picture view!
For those who haven't entered the market yet, especially high-leverage contract traders, it is recommended to wait and watch. The current market may produce an extended wave on the weekly chart, so observe more, wait for the right opportunity, and prepare for two or even three strategies to position yourself!
The above views are personal opinions only and do not constitute any investment advice!#美伊局势影响 #黄金白银走高 #币圈生存指南