$ETH just did the exact same move it has been pulling every single month for 8 years 😂
There was no news. No FED. No hack. No reason at all.
ETH just woke up this morning, checked that 89% of all traders were long, went "alright boys hand it over" and dropped 110 points in 70 minutes.
Tapped 1970.93 exactly. Liquidated $750m worth of longs.
And then it just stopped.
Now it's just sitting here at 1993. Not going up. Not going down. Just hovering. Staring directly at you. 🤷♂️
This is not a crash. This is ETH's monthly scheduled maintenance. This is a ritual. It does this like clockwork every single time:
Everyone gets extremely bullish at 2100
$ETH dumps exactly 120 points
Your entire timeline says "ETH is dead see you at 1800"
ETH goes completely sideways for 36 hours
The last person finally sells in disgust
ETH pumps 150 points overnight
Everyone forgets and gets bullish again
Repeat.
And the worst part? You have seen this exact play 27 times before. And you will still fall for it again.
Extremely bullish. It didn't even break the real support. It just went exactly, perfectly to the price where the maximum number of stop losses were hidden. Tapped it once. And left.
Who sold at 1980 this morning and is already sitting there refreshing waiting for it to dip lower? Don't lie. I see you. 👇
Follow for no bullshit takes 🔥
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