Ethereum's drop might be much deeper than most people imagine... 1. Continuous token selling by the team, internal conflicts, and Vitalik's inaction 2. Lack of technical innovation, weak demand 3. Sell-offs by veteran supporters, loss of holding confidence 4. Unfavorable fundamentals from the Fed, with hot money unlikely to flow here in the short term 5. Mid-phase of the crypto 'bear market cycle,' no signs of bottoming out in the short to mid-term, poor sentiment Remember, in a downtrend, only look at whether resistance can effectively hold, not at support. So, even though ETH has dropped to a price I once thought might form a potential short-term support zone, there’s still any mid-term 'buy-the-dip' signal on the right side... And I always feel like ETH might have a black swan event coming... How about placing a spot long order at $1,000 and waiting for a miracle? ETH