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If I say a few more words to break E Guard's defense, if BTC continues its depth pullback in April and May, ETH might really drop to three digits, and the depth could even be in the range of 500 to 600.
In this round, institutions have completely given up on supporting ETH, and the Ethereum Foundation has done nothing (even hindering progress), allowing the contract market to pull back and clear the on-chain whales. So, whenever there is a slight wind, ETH can quickly spike, but when the market is favorable, it climbs like a snail 🐌. From a technical perspective, both the weekly and monthly charts have collapsed, and for those looking to bottom fish, remember: don't use leverage, don't use leverage, don't use leverage....❗
Old Huang has a bunch of ETH in spot, but I'm prepared for a long battle. The last round of SOL washed down to 9 dollars, but it survived in the end. However, if you leveraged and couldn't hold on, that would be really painful 😰
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