ChainCatcher Message, Matrixport released a daily chart pointing out that Ethereum and Bitcoin often lose momentum after significant price increases, especially when the increase exceeds 60% within 30 days. Historical data shows that this is a good profit-taking opportunity. The current price has retraced to the level from a month ago, which may signal a re-entry opportunity, especially if the bull market continues into 2025.

Although Ethereum has not shown higher beta characteristics in this rebound, it remains a favored asset among investors. Recently, ETF funds have continued to flow in, demonstrating strong demand and indicating that Ethereum's important position should not be underestimated. 🔍📈