The decline of Ethereum may be much deeper than most people imagine...

1. Continuous selling by the team, internal strife, and the inaction of Vitalik

2. Lack of technological innovation and weak demand

3. Selling by veteran supporters and loss of confidence in holding positions

4. Unfavorable fundamentals from the Federal Reserve, hot money will not overflow here in the short term

5. The mid-stage of the crypto "bear market cycle," with no bottoming signals visible in the short to medium term, and poor sentiment

Remember, during a downtrend, only pay attention to whether resistance can effectively block, not support

So, although ETH has fallen to a price that I once thought could form a potential support zone

However, the right-side mid-term "buying the dip" signal is still 🈚...

And I always feel that ETH has a wave of black swan market...

Or else, should I place a long order at a price of 1000 dollars and wait for a miracle?

#ETH

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