2025.11.9

The panic index today is the same as yesterday, both at 20, but what I find unbelievable is that the top address holding ETH has increased its holdings by 300,000 ETH. Additionally, it has tested strong support levels for three consecutive days without breaking down. Looking at the price of ETH on November 9, 2024, it is around 3000. There has been a significant fluctuation over the course of a year, with a low of 1400 and a high of 4900, and now it is just at a central price level. If this trend is graphed using Fibonacci, it corresponds to a pullback from the high price to the 0.5 position.
So I have a bold idea, which is that there will be a significant surge in the near future, but it still lacks favorable news stimulus. Therefore, I decided to hold my position for now. If there is a pullback within 15-20%, I will add to my position. If it goes straight up without stopping, then let the previous positions take off directly. It is most important to protect the principal and not to chase the high. $ETH