That recent flash crash in ETH was actually pretty obvious from the price action.

Look at how quickly it plunged—that’s a classic move to trigger retail stop-loss orders. Such rapid dumps are usually major players flushing out leveraged positions; if it were a genuine drop, it would have been a slow grind down. I’ve emphasized before: sharp drops are often fake-outs, while slow climbs are what you really need to watch out for. The way this rebound is playing out pretty much confirms that view.

Honestly, I’m a bit relieved myself. Around 2940, I casually added 10 more long positions. I was nervous at the time, but this bounce back immediately lowered my average cost, and now I’m back in the green. Sometimes that’s just how the market works—if you dare to catch the falling knife during panic, you often end up with cheap chips.

As for whether it can hold above 3000? We’ll see. Short-term sentiment is recovering pretty quickly.