Looking at this wave of market movement, if Ethereum really manages to reach 6000, it will have to go through a significant cleansing first. Suppose altcoins and ETH drop another 50% simultaneously, the total market capitalization of the crypto market would be cut by one trillion dollars. This number sounds frightening, but from another perspective—national crypto reserves would face huge unrealized losses, and institutional holdings would also shrink significantly. It’s precisely because these consequences are so severe that big players and large funds won’t let things worsen to that point.

From a certain angle, this actually indicates that the market is approaching a bottom. The process of leverage liquidation is brutal, but it’s thorough enough to truly form a bottom. Once all those forced stop-loss orders are cleared out, the momentum for a rebound will start to build. Therefore, the goal of ETH reaching 6000 this year is logically sound. The key is to wait for the market to fully clear out, and then look for reversal opportunities.