The buying momentum for Ethereum has shown a significant slowdown, even nearing stagnation. Although new data continues to emerge, the discount in market capitalization will severely impact financing capabilities, thus interfering with scale and sustainability. In summary, the favourable information has been largely digested by the market, making it difficult to drive a rise in the short term based on this narrative, so it is currently challenging to achieve independence.


Seeing that the whales on-chain are also continuously taking profits, whether this will create selling pressure on the market depends on the capacity of the market makers to absorb the off-exchange positions. If the off-exchange cannot digest it, it will ultimately have to flow within the exchange, and its price will inevitably be impacted. #成长值抽奖赢iPhone17和周边 #GateLayer正式上线 #BTC走势分析
ETH-1.75%
BTC-2.27%
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