$ETH Market Analysis
From the perspective of volume and price relationship, Ethereum has tested the bottom three times, with the bottoms one, two, and three progressively higher, and the volume during the bottom tests decreasing, indicating weakening selling pressure;
In the third bottom, there were also three smaller scale tests, 1, 2, and 3, with progressively higher bottoms and decreasing volume during the tests, especially the volume in test 3 being extremely small, indicating that selling pressure is nearing exhaustion.
From the perspective of capital flow into Ethereum, unlike the sustained large net outflows from Bitcoin ETFs, Ethereum ETFs have seen a recovery of large net inflows since the 21st, and the sustained strong buying in Ethereum ETFs is the main driving force behind the bottom reversal of Ethereum.
Overall, it appears that $ETH has likely completed its adjustment or is nearing completion of its adjustment.
