Over the past month, we had a massive exponential increase and fell back to reality. The best way to manage these bouts of extreme volatility is to check previous situations where this happened.
In June of 2017, we had a fall of 68%, similar to our current loss. Our current cycle would put us at 1380-1400 at the bottom of this drop. By November, we recovered and made further ATH’s. These are the times to buy; the window under 2k split between a few purchases will likely be in the profit within a few months.
If a similar scenario played out to the 2017 End of year price, ETH would be 13,889. On the other side of this coin, If everything crashed and the continued bear market occurred, we now have 3 years to accumulate ETH and BTC before the next BTC halving in 2024. The people buying at the absolute peak of the last bull run only took 3 years to be up 300%. This is always a long game and why I stress DCA( Dollar-cost averaging) purchases. Either way, If you executed the ETH take profit call from two weeks ago. doubling your ETH exposure would be a wise decision over multiple purchases.
