ETH in bear market

I’m coming back to ETH monthly chart. It clearly shows parabolic advance, where price 10x’d in about 7 months (Nov ‘20- May ‘21). This was accompanied by “crypto to the moon” headlines everywhere in media. Essentially party ended in May. Immediate price target is $1100 (on monthly chart). I’m expecting $300-$400 to be reached at some point.

There are still a lot of voices out there calling to “buy the dip”. “Dips” occur in the bull market when price is advancing. In bear market there are no dips. It’s just continuous decline in price with occasional bear market rallies.

Congrats to those who bought cheap and sold in this parabolic market. Rip to the ones that are late to the party and going long just now.