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ETH 2080: Don't scare yourself; it's the main force "tying their shoelaces"
Just now, an old fan sent me a message with a string of crying emojis. He asked, "Old Bao, $ETH Is this market about to crash again? It's been falling, and I feel uneasy."
I was downstairs watching an old man play chess and replied:
"Have you ever seen a 100-meter sprinter?"
He was tired from running, squatting down to catch his breath. Do you think he's about to die on the track, or do you think he's gathering strength for the next burst?
The problem with retail investors is that they overreact. When prices go up, they complain it's too slow; when they fall, they’re afraid to die. Actually, the market isn’t that scary at all. Many times, the main force is just squatting down to tie their shoelaces, taking the opportunity to scare away the timid.
Drop the complicated inner dramas, and let’s look at what the current ETH situation looks like:
1. Look at the 4-hour chart:
The previous spike hit 1736. It’s like someone suddenly squatting down, testing if the floor is solid. Since 1736 didn’t slip through and it bounced back above 2000, it shows the floor is made of steel reinforcement. That deep dip is the main force’s “golden pit.”
2. Look at the 1-hour chart:
Currently, the price is hovering around 2080, stuck and unable to go up or down. But pay attention to the trading volume — it’s getting smaller and smaller (shrinking volume).
What does this mean? It indicates that those wanting to cut losses have already sold off during the early morning wave. The remaining are those who don’t want to sell. With the selling exhausted, it’s like athletes catching their breath, and next usually comes another surge.
The current decline is more like the main force “faking a fall.” It looks fierce, but it hasn’t actually broken the key level (2000). This is a show for retail investors, making you think a crash is coming, so you obediently hand over your bloodied chips.
Once you understand that the main force is “resting in the middle of the game,” don’t be the fool to short at this moment. What we need to do is quietly follow behind them when they tie their shoelaces and get up.
🎯 Direction: Rebound and go long (Main logic: When it can’t fall anymore, it will rise)
📍 Accumulation zone: 2030 - 2050
Reason: This is the current “rest area.” The main force has worked hard to push the price back above 2000 and won’t easily smash it down again for a few retail investors. This is the highest cost-performance zone.
🛑 Stop loss: 1980
Reason: This is the bottom line. If even the “psychological cover” of 2000 is torn away, it means the main force is truly out of strength. Don’t force it; run quickly.
💰 Take profit target: First watch 2120 for partial profit and capital preservation, then continue to watch → 2170
The current market is like a huge filter. It filters out the impatient, timid, and those without patience.