ETH Market Analysis

From the perspective of volume and price relationship, Ethereum has tested the bottom three times, with the first, second, and third bottoms progressively higher, and the volume during the bottom testing decreasing, indicating that selling pressure is weakening;

In the third bottom, there were also three smaller scale tests, 1, 2, and 3, which also show progressively higher bottoms and decreasing testing volume, especially the testing volume for 3 is extremely low, indicating that selling pressure is nearing exhaustion.

From the perspective of capital flow into Ethereum, unlike Bitcoin ETFs which have experienced sustained large net outflows, Ethereum ETFs have seen a significant net inflow since the 21st, and the continued strong buying pressure in Ethereum ETFs is the main driving force behind the bottom reversal of Ethereum.

Overall, it is highly likely that $ETH has completed its adjustment or is close to completing its adjustment.