#eth Ethereum has dropped from 3400U to 2157U in this wave, a difference of 1243U. I estimate that the extreme for this wave is likely to pierce through the bottom of 2000. This position is mostly the last line of defense for bulls, and one can buy in the range of 1980–1850, which has a high probability of holding. Then, looking forward to the first half of the year, reaching above 3000 shouldn't be a big issue. If this position can be bought, the cost-effectiveness is still very high. This drop is just to set up for a higher next time. Basically, all the bad news has landed, and even if there is bad news later, this fundamental range of 1980-2150 is the bottom for this year.