#数字货币市场回调# The financial market often peaks amidst cheers and bottoms amidst doubts. Recently, the price of Ethereum fell below the $4000 mark, sparking heated discussions in the market, and the short positions seem to have broken the illusion of so-called "Market Stabilization" by institutions.

Prominent cryptocurrency critic Peter Schiff has spoken out again, pointing out that Ethereum falling below $4000 signifies that even with aggressive buying from large institutional investors, the asset has entered a bear market—down about 20% from its peak in August. He further predicts that Bitcoin will be the next target of a crash.

I have a few thoughts on this:

First, defining a 20% pullback as overly hasty in a bear market. Experienced investors in the crypto market know that a 30% price fluctuation in altcoins is normal in this market. Considering that Ethereum has already risen over 300% this year, this 20% pullback seems more like a consolidation on the way up, rather than the end of a trend.

Secondly, be cautious of these celebrities' bearish statements. It is worth noting that Schiff has long been critical of crypto assets, but ironically, the gold he advocates has performed far worse than $BTC this year.

From a technical perspective, $3800 is an important support level. If this level can hold, the current adjustment is likely just a high-level consolidation; however, if this level is lost, caution is indeed needed in the short term.

Do you think that Ethereum falling below $4000 represents a bearish signal or an opportunity to buy the dip? Will Schiff's prediction about Bitcoin's imminent decline come true? Feel free to share your thoughts!