Buy at the peak, fall to the bottom; A crypto trap that Wall Street made for itself!

Tom Lee, the head of Bitmine, has tried to bring some peace back to the market with a historical perspective. He reminds that in the last 8 years, Ethereum has experienced 7 times drops above 60% and has returned to the upward trend every time. Of course, the main question is: Will the new ETF investors who are used to the traditional markets have the patience of the old crypto holders?

Technically, Ethereum is at a critical juncture. The price remains below 2 thousand dollars and the selling pressure is still high. If capital outflows from ETFs coinue, there is a possibility that ETH will fall to the $1,800 range. Breaking this range can also cause a sharper fall. Meanwhile, the $3,500 range has now become a psychological wall. If Ethereum ever returns to this price, it will likely face heavy selling pressure as many investors just wa to dump their money and exit the market.