Ethereum's recent market performance has triggered widespread emotional turbulence

Recently, the market trend of Ethereum (ETH) has shocked and disappointed many investors. During multiple trading sessions, prices experienced sharp declines, with deep corrections in a short period, quickly triggering large-scale stop-losses and leveraged liquidations, causing substantial losses for many holders. Market sentiment rapidly shifted from cautious observation to panic and anger, with many previous bullish users admitting they have been "broken," and some even openly stating they will turn bearish, reflecting that the in-market pessimism has reached a peak.
This extreme volatility not only exposed the fragility of high leverage environments but also rendered traditional stop-loss mechanisms nearly ineffective during intense market movements. Investors generally remain cautious about ETH's short-term trend, with pessimistic expectations continuing to spread. The current market consensus believes that after such a strong "shakeout," restoring confidence will take longer, and prices may face further downward pressure or enter a long-term consolidation phase, with short-term rebound momentum difficult to accumulate.
January 21 Morning Strategy Reference:
● Bitcoin (BTC): Consider gradually adding long positions if it retraces to around $88,000, targeting the $90,000 region, with attention to position control and setting dynamic stop-losses;
● Ethereum (ETH): The $2910—$2940 range has technical rebound potential, with a light long position trial, targeting around $3020. It is recommended to adjust flexibly based on holdings and avoid chasing highs or selling lows.