Good evening, brothers

Today Bitcoin has rebounded a bit, as expected for Ethereum

In fact, we can see from the ETF that yesterday Bitcoin saw outflows while Ethereum saw inflows; today Bitcoin has outflows and Ethereum has inflows. Although the inflows are still very, very small in comparison, it is indeed a very good momentum

In terms of data, the greed index has dropped to 75, which belongs to the greedy area, and is no longer in extreme greed

The holding ratio for those holding for more than 1 year has actually dropped a bit too quickly recently.

The funding rates and open interest are currently still relatively normal

Today I adjusted a piece of data, the index of 12 data sets (daily), which changed from strong Buy to Buy. The basis for this change is various technical indicators, such as STOCH, MACD, ADX, CCI, ART, ROC, etc., with some turning neutral and others becoming overbought, resulting in an overall recommendation of Buy.

Additionally, everyone knows I am still relatively optimistic about Ethereum's future market. During the market downturn, I have consistently been supportive, but I still want to say objectively that in this round, about 80% of the people around me think Ethereum can surpass 10,000, but personally, I still believe that if the current price doubles, it will reach my psychological price level, roughly around 6.5-7.5. Based on the indicators, if it reaches that point, I might start selling at this position to ensure profit-taking. Just like in the previous round, many people also believed Ethereum would go over 10,000, but it stopped at over 4,000.

Set a reasonable expectation for yourself

The rest is up to fate