BlockBeats reported that on December 25, Matrixport released a daily chart stating that Ethereum, similar to Bitcoin, often loses momentum during significant price increases, especially when the price rises more than 60% within 30 days. Historically, this has usually been a good profit-taking opportunity. Currently, the price has retraced to a level consistent with a month ago, which may suggest that a re-entry opportunity is brewing, especially if the cryptocurrency bull market is expected to last until 2025.
It is worth noting that Ethereum has not exhibited the higher beta characteristics seen in the previous bull market during this round of rebound. However, it remains a favored asset among investors. The recent continuous inflow of ETF funds is the best proof of this. This strong demand not only highlights Ethereum's important position but also indicates that even if its performance in this cycle is slightly below expectations, it is still receiving significant attention.
