According to TechFlow, on December 25, Matrixport released a daily chart saying that Ethereum, like Bitcoin, tends to lose momentum when prices rise sharply, especially when prices rise by more than 60% in 30 days. From historical data, this is usually a good opportunity to make profits. The current price has pulled back to the same level as a month ago, which may mean that an opportunity to re-enter the market is brewing, especially if the cryptocurrency bull market is expected to continue until 2025.
It is worth noting that Ethereum has not shown the higher beta characteristics of the previous bull market in this round of rebound. However, it is still an asset favored by investors. The recent continuous inflow of ETF funds is the best proof. This strong demand not only highlights the importance of Ethereum, but also shows that it is still attracting attention even if it performs slightly below expectations in this cycle.
