Pickle Cat Predicts Pressure on US Stocks, ETH May Drop to $1500

Trader Pickle Cat's Den stated that the right choice over the past three months has been to avoid contract trading and adopt a dollar-cost averaging strategy for buying spot. Newly purchased ETH may still face unrealized losses, with a price drop to $1500 next year being a relatively favorable scenario. The market pressure from the current political and economic situation in the United States has not yet fully manifested, and the Federal Reserve is expected to continue raising interest rates in December, with potential increases continuing into next year. Additionally, the AI industry bubble and the downward risk in US stocks have not been fully released, and the market may face further adjustments in the future. The trader had planned to buy ETH when it dropped to $888, but now believes that this price level may no longer be considered extreme.