Recently, the price movements of Ethereum have been quite interesting.

After Trump was elected, the price of ETH surged by 40%. But it feels more like the big players were quietly buying and hoarding, rather than a sudden massive increase. Why do I say this? Typically, in those cases where there's a huge spike, you would see a long and thick red bar on the price chart, commonly referred to as a "big bullish candle," which is easily noticeable. However, this time the 40% rise in ETH was the result of many smaller red bars combined, and each increase was approximately the same amount, making it feel like the big players were deliberately doing this to prevent others from snatching up supplies.

Additionally, at that time, funds under the large company BlackRock were also continuously investing money, so this price increase was likely the big players on Wall Street quietly hoarding.

Later, the price of ETH dropped by about 10%, and every time it fell, the trading volume decreased significantly. Although the price dipped to around 3000 several times, it never actually broke below that. Especially this morning, although many people were selling, the price remained stable and did not drop. Therefore, this price increase may have been more like the big players trying to pressure the uncertain ones to sell their holdings by intentionally pushing the price down, which is commonly referred to as "washing out."

From the current situation, today’s drop might be the last washout for Ethereum, as it seems the big players have nearly acquired what they wanted. The next step might be a genuine surge, and we could finally see that long-awaited big bullish candle on the price chart.

So, let’s patiently wait for ETH's price to surge significantly, and for the good days of altcoins to arrive!

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