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ETH/USD Market Observation
Looking at the recent trends, the signs of a bear market are really obvious. Each rebound shows a typical three-wave structure, and then it gets crushed down again. This pattern is hard to ignore. From the wave theory perspective, these repeated three-wave highs have become selling points, indicating that the bullish momentum is always insufficient. The market lacks the strength to break through previous highs, and instead, each time it encounters resistance at similar levels. This is not a coincidence but a main characteristic of the current market.