At the end of #帝 8, the view on ETH/BTC, then updating the latest chart image, dawn is approaching. A bull market will start when Bitcoin's market cap accounts for about 59%. The ETH/BTC exchange rate has not yet bottomed out; ETH represents the sentiment of the entire altcoin market. It will only start a new wave of growth after it stabilizes following a downward pressure 📈. The upcoming wealth codes will mostly yield 5 times or more ☺️. Don't fantasize about it being as crazy as the last bull market; the general awareness has increased, and such phenomena won't happen again. It will only be multiple back-and-forths, without a single drastic rise.

#帝 $ETH Recently, I mentioned that ETH will be weaker than many coins. Let me share my views.
Grayscale unlocks, and many retail investors bought it many years ago. The selling pressure will continue. They will definitely not buy it. It’s just a matter of how much to sell.
Not many people buy ETH ETFs because the pledge problem has not been solved, and there are management fees for holding. ETH2.0 has pledged more than 40 million coins, and the total circulation is 120 million. That is to say, at least one-third of people tend to pledge ETH for interest rather than management fees.
Since ETH was upgraded from Cancun, the destruction has dropped by 69%, and inflation has begun, which is getting further and further away from deflation. ETH2.0 mining, selling and withdrawal are also part of the selling pressure, because there is no loss cost in mining coins.
Next is the K-line analysis
The lower Bollinger track at the monthly level is downward, KDJ forms a new dead cross, and the MACD falling energy continues to increase, which means that the large level is weaker than Bitcoin.