12.29 weekend evening market overview

$ETH 24 was the hardest year to get through, Vitalik was busy dating in Thailand, shouting MEME, while the foundation kept selling ETH to maintain its operations; from POW to POS, there hasn't been a good narrative, and layer two is also in a bad state; most importantly, Bitcoin peaked at 73K in March, Ethereum at 4100, Bitcoin returned to 70K in November, while Ethereum was only 2100, Bitcoin at 108K, and Ethereum still at 4100; leaving retail holders in a miserable state, holding Ethereum not only failed to appreciate and make money, but also resulted in a lack of spare funds to allocate to other quality strong coins, even if you are a thousand-year second, you will still be scorned

There are pros and cons, this time Bitcoin corrected to 92K, while Ethereum remained resilient, stabilizing in the range of 3200-3500, with not much selling pressure. Mainly, institutions like BlackRock and Fidelity started to exchange Bitcoin for ETH in spot ETFs; in the past week, Ethereum saw a net inflow of 204 million USD, ranking first in the entire network; various signs indicate that Ethereum is beginning to revive and spring is coming soon! March's upgrade in Prague and Cancun will definitely be a significant turning point

Ethereum is now oscillating within a converging triangle that is becoming increasingly narrow and is about to break out; at the same time, Ethereum is forming a deep-sea crab pattern, returning to the high point of 3800; according to the deep-sea crab pattern, the first target PRZ reversal zone is seen at 3698-3764, the second target reversal range is 3849-3860; in summary, ETH is about to break out of this anxious market, leading altcoins to soar again, the outcome will be revealed after New Year's Day

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