In this cycle, it has been observed that the amount of correction after the break of the all-time high (ATH) has decreased compared to previous cycles. In the 2017 bull market, the average correction after the ATH was broken was -38%, while in the 2020-21 bull market it averaged -24%.

This cycle has seen corrections of up to -19% since the ATH broke in March.

The aSOPR indicator reveals this situation more clearly. If the indicator is 1.0, it means the price will show support or resistance. The current indicator is 1.01, which represents a significant decline from 1.13 immediately following the break of the ATH.

Therefore, it is important to focus on events that could increase demand, such as the approval of Ethereum ETFs and crypto ETFs in major developed countries, whether the US will lower interest rates, and whether geopolitical risks will be resolved.