The number $3,700 for Ethereum has recently become a sort of “collective obsession” in the community.

Some say it’s a technical life-or-death line—break through and it takes off, fall below and it crashes. But have you ever considered that this price point itself might actually be the biggest trap?

To put it plainly, $3,700 is not some magical technical level. The reason it matters is that too many people have had experiences around this price: some tried to buy the dip and got stuck, some cut their losses here, others hesitated and missed opportunities. It’s become a “psychological anchor,” a consensus point everyone is watching.

Think back to last month when the price fell below $3,100—how many panic sellers rushed out? Now that the price has rebounded, how many are beating themselves up? That’s the market for you—the real killer is never the candlestick chart, but your own greed and fear.

So how should you deal with it?

Actually, the strategy can be quite simple: if you’re holding a large position, consider selling a portion near $3,700 and buying back on a pullback to $3,500—this way, it’s easier to stay calm. If you’re on the sidelines, don’t rush to buy at the top; wait until it truly stabilizes, then enter with a small position—better to sip the soup than get cut by the knife.

Will the bull market continue? The answer isn’t at any specific price point—it’s whether your account can survive till the end.

In crypto, technical indicators can be useful, and news can be watched, but in the end, only your own discipline and understanding can save you. Don’t let the market’s “consensus price point” become the graveyard of your account.

Remember: as long as you survive, you have a chance to turn things around.