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Do you still need to pay attention to #eth ?
1. The bear market pennant has formed, and trading volume remains sluggish. Additionally, liquidity has become thin, and oscillating between a hundred dollars often leads to a major correction. After a week, returning to around $1800 is a reasonable magnet.
2. Cryptocurrencies often lead the US stock market and resemble penny stocks, so it may look terrible, but it’s an opportunity for spot trading—buying when no one is paying attention. Today’s extreme panic has been above 10.
3. The 24-hour chart doesn’t lie. After dropping from $4957, the bearish pennant formed at $3100 is textbook. If $1800 cannot hold, we will face a free-fall decline to the liquidity zone around $1300.