RSI Correction Countdown to the Ascension of Ethereum! ?

After five days of consolidation at the daily level, Bitcoin rebounded. As of press time, the price of Ethereum has reached 3,320 US dollars. Judging from the RSI, most of the cottages have completed the correction after staying in the oversold area for a few days and returned to the average level. If the leading rise of Ethereum in the past two days has gone out of the independent market, then the cottages including L2 may have a short-term outbreak.

In the last round of bull market, there were many currencies that doubled 10-50 times, and this round seems to have blurred the concept of 100-fold coins. The current cottage market is already a trillion-dollar scale, but the enthusiasm is not as high as that of the past. Even the much-criticized L2 and EVM have made many people lose confidence in the middle of the bull market.

In fact, whether it is ETH's L2 or Bitcoin's L2, the advantages and disadvantages are very obvious. Recently, it is intuitively felt that the shortcomings of L2 have been infinitely magnified. Whether it is the linear unlocked OP, ARB or the recently launched MERLIN on OKX, they all face the same problem, that is, how can the unlocking after staking convince the market and raise the diluted expectations again. #op

In the bull market where projects are constantly increasing, the scale of altcoins will only grow larger and larger, and the funds of retail investors and investors will become more and more concentrated. Although the altcoin season will eventually come, the high multiple expectations of the altcoin season should also be lowered, especially for those projects that are constantly unlocking and increasing too quickly in the bull market. The gradual increase in FDV will make them lose some potential momentum, which will dilute a certain increase in price. We have realized this from the overall bull market process, so whether the L2 currency can solve these problems well is the key to the subsequent coin price. $OP $ARB $METIS