#我在Gate广场过新年

Ethereum has been consolidating in this position for 4 days now. What exactly are we waiting for?
If we believe that this downward move has already bottomed out, then now should be the time for a strong rebound,
If it's a continuation of the decline, the timing for further drops should also be approaching!
Based on the major investors' cut losses, liquidation, and market sentiment, it’s clear that this looks like a self-rescue attempt. The uniform rally was to clear out positions and avoid being forcibly liquidated!
If this was truly a self-rescue rally, then further drops are likely. So, people will be wondering, when is the bottom?
It’s obvious that the previous bottom cannot hold this time. If the decline continues by another 10%-15%, it should be around 1500.
Following extreme rise and fall, a rapid decline usually means a quick rebound. In other words, after the next wave of decline ends, it will be time to prepare your ammunition.