Opportunities emerge after a sharp decline

Ethereum saw a massive rebound candlestick at 3100 yesterday. This position happens to be at the critical 50% area of the entire rise, and it is also where the weekly 20 moving average is located. From the macro perspective of the weekly chart, this pullback of Ethereum is within the normal and healthy range of retracement.

Looking back at Ethereum's historical trends, there have been multiple occurrences of a double bottom phenomenon in terms of price and the exchange rate relative to Bitcoin during the past 12 months. This year has similarly continued this characteristic, and based on various signs, I remain very optimistic about the performance of Ethereum and quality altcoins in 2025.