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👆Follow me to share Web3 cutting-edge news every day👆Inskirt +Q: 38463283741. Short-term pressure: Quarterly decline hit a new high in recent yearsEthereum (ETH) is currently struggling at the $3,000 mark, and its performance in the fourth quarter was significantly weaker than that of Bitcoin - Bitcoin's decline was controlled within 20%, but ETH fell by 28%, which was its largest quarterly decline relative to Bitcoin since 2019. ![]() (Data source: CoinGlass) Among them, November became the "hardest hit area", accounting for 75% of the quarter's decline. It was also the worst month for ETH since it fell 42.79% in a single month in 2018. Enter skirt +Q: 3846328374 2. Strengthen the core: Pledge to new highs to demonstrate long-term confidenceThe weak price has not shaken the position of long-term holders, and the core support of ETH comes from this: its total pledge amount hit a record high of 36.27 million pieces in the market turmoil, and 200,000 ETH pieces were newly pledged this week alone. ![]() (Data source: CryptoQuant) This signal suggests that the current decline stems more from risk aversion in the overall crypto market than from investors losing confidence in Ethereum itself. Enter skirt +Q: 3846328374 3. Rebound signals: historical patterns and indicators give cluesIt is not impossible for ETH to rebound before the end of the year. Multiple signals are already emerging:
If the ETH/BTC ratio can remain stable and supported by the confidence of long-term holders, the rebound in 2018 may be replicated by the end of the year. That’s it for today’s article. I don’t know what to do in the bull market. Welcome to join the skirt+V: sun568298 for free. ![]() |