ETH Bloodbath Countdown: 2000 dollars about to fall! Where will this drop go? 1600!!!
Don't hold onto the fantasy that 'Ethereum is the brother-in-law'! The current ETH is undergoing a brutal 'de-leveraging' slaughter. The psychological barrier of 2000 dollars is already shaky, and if you are still holding on, you must know where the bottom actually is!
How much will this drop go?
Short-term target: 1665 - 1725 dollars
This is not a scare tactic; it's the cold, hard numbers provided by technical patterns. ETH has formed a typical 'cup and handle' breakdown, and on-chain indicators (MVRV) show that the target for this drop is aimed directly at 1665 dollars. This means it has to drop more than 25% from the current price (around 2200 dollars).
Medium-term support: 2100 - 2400 dollars
If you think 1600 is too exaggerated, at least be mentally prepared to face the test of 2100 dollars. This is the measured drop of the descending triangle and also the deep water area where a large amount of chips were trapped. Big players and institutions are crazily accumulating during this drop, while retail investors' stop-loss orders will be their best fuel.
Why is it dropping so hard?
1. Institutions retreat: Funds from the US spot ETH ETF continue to flow out, and institutions are not only not picking up the pieces but are also selling during the rebound.
2. Giant whales de-leveraging: On-chain data shows that whale borrowers are selling ETH to repay loans, with daily selling pressure reaching hundreds of millions of dollars; under this selling pressure, bulls have no power to fight back.
3. Macro backlash: The AI bubble expectation has burst, funds are fleeing high-risk assets, and ETH, as a 'high Beta' asset, is the first to be hit.
What should retail investors do?
If you are trapped: Absolutely do not cut losses in a sharp decline! Every cut now is a 'pin insertion'. As long as you don't sell, you are not losing. When the price is in the 1600-1700 range, there will be a decent rebound, and that will be the opportunity to reduce positions and save your life.
If you want to bottom fish:
The current price (2200) is definitely not the bottom! Don't rush to average down. The real bottom-fishing opportunity is in the 1665 - 1725 dollar range. At that time, panic sentiment will reach its peak, and it will be your 'golden pit' to enter in batches.
Remember:
In a bull market, you make money; in a bear market, you preserve your life.
This wave of selling is far from over, hold your hands, protect your capital, and we will understand the bottom!
