Matrixport released a daily chart stating that Ethereum, similar to Bitcoin, often loses momentum during significant price increases, especially when prices rise more than 60% within 30 days. Historically, this has usually been a good opportunity for profit-taking. Currently, prices have retraced to the same level as a month ago, which could indicate a re-entry opportunity is brewing, particularly if the cryptocurrency bull market is expected to last until 2025.

It is worth noting that Ethereum has not exhibited the higher beta characteristics seen in the last bull market during this round of rebound. However, it remains a favored asset among investors. Recent continuous inflows into ETFs are the best proof of this. This strong demand not only highlights Ethereum's important position but also indicates that it remains a focus of attention even if its performance in this cycle is slightly below expectations.