$ETH Next, we have the first day since October 10, when an average loss was recorded per hour, not a profit
• I repeat, this is enough for a strong correction in a bull market. It is possible to go lower, but only on condition of a very quick return, otherwise the entire bullish structure can be broken
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There were only 2 such days during the correction in January 2024 (-21% from peak to peak), but before that moment the realized profit was much lower than the last two months. Then, three significant failures in March-April 2024 (the beginning of a long sideways trend) were accompanied by a strong rebound when going into the negative loss zone, and only the beginning of May changed all the cards, falling below the critical point, replacing the bull with a multi-month cut
#onchai