Friends, the market has been quite interesting lately. On-chain funds in Ethereum are continuously flowing out, and the overall market is showing a clear downward trend. It’s evident that the big players are putting effort here, gradually smashing the price from high levels in a stepwise manner, a typical trap to lure more buyers. Bulls should be cautious at this level; if the price doubles below, it’s time to exit, and stop-losses should be well placed. Recently, focus on the movements of $ETH and $XMR; the performance of these two assets is worth ongoing observation.
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Friends, the market has been quite interesting lately. On-chain funds in Ethereum are continuously flowing out, and the overall market is showing a clear downward trend. It’s evident that the big players are putting effort here, gradually smashing the price from high levels in a stepwise manner, a typical trap to lure more buyers. Bulls should be cautious at this level; if the price doubles below, it’s time to exit, and stop-losses should be well placed. Recently, focus on the movements of $ETH and $XMR; the performance of these two assets is worth ongoing observation.