Recently, the price trend of Ethereum (ETH) has attracted widespread attention from investors. Although the monthly chart shows a good trend, there are still many concerns in the market. This contradictory phenomenon reflects the complexity of the cryptocurrency market and the subtle changes in investor psychology.

First, many investors find it difficult to accurately assess the power dynamics between bulls and bears through market trends, making it hard to effectively predict future trends. Secondly, short-term fluctuations often have an excessive impact on investor psychology. Even if the monthly chart shows a strong upward trend, a pullback on the daily or 4-hour chart can be enough to trigger panic.

It is worth noting that ETH has risen from around $1385 to about $3900 in this round of market activity, showing a considerable increase. However, the market experience over the past two years has formed a kind of habitual thinking among investors: after a significant rise, there will inevitably be a substantial drop. This "empirical" way of thinking is, in fact, a result of the long-term operations of market leaders.

In the current market environment, many investors are confident in the market trends, believing that the next step will inevitably be a significant drop, and altcoins will also plummet. This prevalent "expert" mentality often obscures the true nature of the market.

However, a successful investment strategy should be to follow the trend and focus on the big picture. Although the previous monthly chart shows a fluctuating trend, it does not mean that this pattern will last forever. The changes in the long-term trend will eventually affect the short-term movements.

When the long-term cycle re-enters an upward channel, the seemingly dangerous signals in the short-term cycle may just be illusions created by market leaders. In this case, the influence of bearish indicators in the short-term cycle will be significantly weakened. It’s like the weather in summer; even if it rains, it’s hard to bring about a significant drop in temperature; while in winter, even a little rain can cause a sharp drop in temperature.

Overall, in the face of the complex and ever-changing cryptocurrency market, investors need to remain calm and rational, comprehensively analyze market signals across various cycles, and avoid being misled by short-term fluctuations or existing experiences. Only in this way can one grasp true investment opportunities in a rapidly changing market.