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ETH drops below 2000: What does the master think about this wave of "panic selling"?
Brothers, I just looked at the market, Ethereum has fallen below 2000, currently hovering around 1970.
Many people are starting to panic, but I actually think this move is quite interesting.
Briefly summarize three points about the market:
1950 is a short-term key support level.
From the 1-hour structure, this wave of decline basically retreated to the early March starting zone.
If 1950 holds, it’s likely just a "shakeout" retracement.
But if it effectively breaks below 1950, the market could look for new support at 1900 or even 1850.
2050—2080 has become a strong resistance zone.
Previously, this was support; now that it’s broken, it has become a resistance area.
In the short term, if it cannot recover above 2000, the market will likely enter a frustrating consolidation phase.
Trading volume is starting to increase.
VOL has clearly expanded, indicating funds are panic-selling.
But seasoned players know—
The true bottom often comes during panic.