Deep Tide TechFlow News, December 25, Matrixport released a daily chart stating that Ethereum and Bitcoin, similar to each other, often lose momentum when prices rise sharply, especially when prices increase by more than 60% within 30 days. From historical data, this is usually a good opportunity to take profits. Currently, prices have retraced to levels consistent with a month ago, which may indicate that a re-entry opportunity is brewing, especially if the cryptocurrency bull market is expected to continue until 2025.
It is worth noting that Ethereum has not displayed the higher beta characteristics seen in the previous bull market during this round of rebound. However, it remains a favored asset among investors. The continuous inflow of ETF funds recently is the best proof of this. This strong demand not only highlights Ethereum's important position but also indicates that even if it performs slightly below expectations in this cycle, it is still receiving significant attention.
