The entire network has a liquidation of 420,000! ETH dropping to 2163 is just giving away money, precise points directly full position dry
Don't be scared by this wave of plunge! The crypto market has liquidated 420,000 people, with a total liquidation of 2.5 billion, ETH broke through 2200 and touched a low of 2163, it looks scary but in reality, it's just institutions harvesting retail panic due to the Federal Reserve's hawkish expectations! The truth is to buy as it drops, the current ETH is the floor price, the basic logic has not collapsed, buy points, positions, stop-loss and take-profit are all laid out for you, just do it!
First, let's clarify, this wave of plunge is not due to ETH itself having problems, it's purely external negative news and emotional stomping! Concerns about liquidity caused by the nomination of the Federal Reserve Chairman, market panic triggered by BTC's collapse, and a chain reaction of high-leverage long positions being liquidated, these three factors combined created this pit, but ETH's core fundamentals haven't changed at all: the staking rate across the network is over 30%, the circulating supply is decreasing, supply and demand are set; the L2 ecosystems of Arbitrum and Optimism are still surging, transaction fees are continuously flowing back to the mainnet, and the layout of RWA tokenization is leading the industry, these hard supports have not disappeared!
Regarding the current market situation, the 420,000 liquidation positions are basically cleared, and the short selling momentum has exhausted! Now that ETH has dropped to 2163, the RSI has long entered the oversold zone. The descending wedge pattern on the technical side indicates that the selling pressure is peaking. This sharp decline is the final panic release, and the only direction from here is: rebound! While others are cutting losses, you should be bottom-fishing. This is the core logic for making money in the cryptocurrency market. Wait for institutions to pull the market back up, and chasing high after that will be too late!
No more nonsense, let's directly go to the actionable bottom-fishing strategy. The points are precise to units, and the positions are divided into percentages. Just follow it mindlessly:
Entry points (build positions in two batches, breaking below support is free money, act decisively)
1. First position: Enter directly at the current price of 2190 USD, accounting for 50% of the total position. This is the first wave of bottom-fishing after the panic selling is cleared, and the cost-performance ratio is maximized;
2. Second position: If it retraces to 2150 USD (the strong support of today's low), directly add 50%, go all in! This position is the last line of defense for short-term bulls, with a probability of breaking below 5%. If it drops, it’s money picked up!
Strict stop loss (only set one, exit if it breaks down, do not be washed out by false breakouts)
2080 USD, this is the extreme support for ETH in this round of decline. As long as it does not effectively break down, hold firmly. If it breaks down, temporarily exit and observe, absolutely do not get attached to the battle!
Take profit targets (phase by phase, capture the main upward trend, do not be greedy for the head and tail of the fish)
1. First target: 2400 USD, strong resistance level in the short term. After stabilizing, take profit 30% first, cash in for security;
2. Second target: 2680 USD, support level of the previous fluctuation platform, then take profit 40%, lock in most of the profit;
3. Third target: 3000 USD, if it stabilizes, directly see 3600 USD, hold the remaining 30% position tight, fully capture this wave of trend rebound!
Risk level
Low risk, liquidation positions cleared + oversold rebound + strong fundamental support, the downside space is less than 10%, and the upside space exceeds 60%. Such opportunities are encountered less than once every six months!
To put it bluntly, the cryptocurrency market is always a game of fear and greed. Retail investors with 420,000 liquidations are cutting losses at the floor, while institutions are secretly accumulating! The hard logic of ETH hasn't collapsed, it has just been misled by market sentiment. Now that it has dropped to a price of 2163, it's a golden pit for free money!
The points, positions, stop loss, and take profit have all been clearly marked for you. If you don't bottom-fish now, when ETH rebounds to 2600 or 3000, will you chase high and become a bag holder? Don't be silly, doing it now is just lying down to earn!
