I have also been reflecting these past few days on how Ethereum has moved from 1300 all the way to now, and on the weekly chart, we can see there have been three instances of a fall exceeding 10%: once in June, once in July, and then this time.

Many people panic when they see this kind of fall, wondering if there will be a crash.

But my personal understanding is completely different:
Weren't the last two times also a similar fall? What was the result? After the pullback, the market continued to go up. Every time the market panics, it's actually the big funds washing out and clearing the floating chips.
This time it's more obvious, Ethereum has just touched its historical high, and it's completely normal to see a phase adjustment. The key is:
There is no major breakdown.
There is no panic selling of a stampede nature;
The overall trend is still in an upward channel.

So I won't panic because of this pullback. On the contrary, I prefer to see it as a "breather" to make the subsequent rise stronger.
In a bull market, the biggest mistake is not to run away during a pullback, but to panic during a pullback and give away the good chips in hand.
#加密市场回调#