To The Moon

As someone keeping a close eye on the crypto market, I'm a bit concerned but not entirely surprised by ETH's recent 5% drop this week, especially with the daily trading volume plunging over 30% to $18 billion. Despite the strong fundamentals mentioned, the shift toward low-volume consolidation has me cautious. I've always believed in the long-term potential of Ethereum, but this downturn, coupled with the sluggish performance of crypto-related stocks like BMNR $BitMine Immersion Technologies Inc.(BMNR)$   and Coinbase $Coinbase Global, Inc.(COIN)$  , makes me wonder how far this dip might go.

Regarding how low ETH could fall, it's hard to predict with certainty, but I suspect it could test lower support levels if the consolidation continues. The 10% drop in BMNR yesterday and Coinbase's 3% decline suggest broader pressure on crypto assets. I'm thinking ETH might dip another 5-10% from its current level, depending on market sentiment, but I'd need to watch key technical indicators like support zones to be sure. 

The price levels where it would be a good opportunity to bottom-fish crypto stocks present a potential silver lining. For me, if ETH drops to a level around 10-15% below its current price—say, a significant support zone from recent trends—I'd consider it a buying opportunity. The same goes for stocks like BMNR and Coinbase; a dip aligning with historical lows or undervalued metrics would be my cue to step in. I've always liked buying during consolidation phases when the fundamentals remain solid.

Overall, I'm not panicking yet. The divergence from the broader U.S. market might just be a temporary hiccup, and I'm inclined to hold my positions unless the decline accelerates sharply. My strategy has always been to weather short-term volatility with a long-term view, especially in a market as dynamic as crypto. I'll keep monitoring ETH's price action and the behavior of related stocks to decide my next move.

For now, I'm leaning toward patience, but I'm also preparing to act if the right entry point emerges. The strong fundamentals of ETH give me confidence that this could be a buying opportunity in the near future. 

As a retail investor, I focus mainly on the US and Singapore markets, combining a mix of technical trading and long-term investing strategies. I enjoy analyzing charts, spotting patterns, and making calculated moves based on both market sentiment and fundamentals. While I'm not a professional, I treat my portfolio seriously and continue to learn and grow with each trade. If you're also navigating the markets and enjoy discussing stocks, options, or market trends, feel free to follow me. Let's learn and grow together as a community.

@Tiger_comments  @TigerStars