ETH will be ruined if it doesn't reach a new high in this bull market. BTC has broken new highs many times, but ETH has not even broken the high point in March. The ETH/BTC exchange rate has fallen to a new low since April 2021.

At present, the market has not accelerated its decline. Since winning the presidential election on November 5, ETFs have experienced capital outflows for the first time. In addition, Powell's speech indicated that there is no need to cut interest rates in the near future, and the market has plunged. Now ETH funds have been selling.

Mainstream exchanges have also begun to launch new tokens in large quantities, and first-tier venture capital companies have also begun to invest heavily in these projects. More and more project parties have joined, and the trend has gradually formed.

This is easy to understand. If ETH is not the most popular and favored by funds in the current market, then it is natural to understand why the price of ETH cannot rise.

In short, although many projects rely on the security of Ethereum, almost everyone has reduced their demand for it when the bull market comes.

Friends who have bought this series of currencies have never disappointed people in terms of disappointment. #市场回调，观望还是上车？ $BTC $ETH #交易所BTC储备量创2018年以来新低 #超级MEME周期？