Odaily Planet Daily News Matrixport released today’s chart stating that, as we mentioned yesterday, Ethereum, like Bitcoin, often loses momentum when prices rise sharply, especially when prices increase by more than 60% within 30 days. Historically, this is usually a good profit-taking opportunity. Currently, prices have retraced to the same level as a month ago, which may indicate 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 shown the higher beta characteristics it exhibited 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 status but also indicates that even if its performance is slightly below expectations in this cycle, it is still receiving significant attention.

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