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Although I am optimistic about the future market of $ETH, I must remind everyone to be alert to the common tactics of market makers. This continuous short squeeze-style pump essentially prevents retail investors from obtaining low-priced chips. Market makers deliberately create FOMO emotions, and when everyone can't help but chase the price, they suddenly execute a sharp drop for a whipsaw.
From the market perspective, the cost of this wave of pump is indeed too high. Once ETH reaches the range of 4750-5050, a deep correction of 30%-40% is very likely to occur. After all, the market makers are not here to do charity; they need to wash out the floating capital to maintain the subsequent market.
It is recommended that everyone remain patient and not be confused by the current rise. Real opportunities often appear after a pullback, and waiting for this round of Whipsaw to finish before positioning long orders is the prudent choice. Remember, in the cryptocurrency market, controlling FOMO emotions is often more important than technical analysis. Although I am optimistic about the future market of $ETH, I must remind everyone to be cautious of the market maker's common tactics. This continuous short squeeze style pump is essentially not allowing retail investors to obtain low-priced chips. The market maker deliberately creates FOMO emotions, and when everyone can't help but chase the price, suddenly a sharp kill for a Whipsaw occurs.
From the market perspective, the cost of this pump is indeed too high. Once ETH reaches the 4750-5050 range, a deep correction of 30%-40% is very likely to occur. After all, market makers are not here for charity; they need to wash out floating capital to maintain the subsequent market trend.
It is recommended that everyone remain patient and not be misled by the current rise. Real opportunities often appear after a pullback, so waiting for this whipsaw to end before placing long positions is the safer choice. Remember, in the cryptocurrency market, controlling FOMO emotions is often more important than technical analysis.