ETH Trend Deep Analysis
During a period of nearly 100 days, ETH oscillated within a bottom range, which was actually a large-scale accumulation process by the whales.
Until early November, the price began to rise sharply, breaking through the previous accumulation zone, and rapidly climbing from the low point with an increase of about 46%. This phase can be clearly defined as a critical period for trend initiation.
Subsequently, the price experienced a natural pullback, followed by a pattern of oscillating upward movement, and this trend has continued for about 3 weeks, which can be recognized as the trend running phase.
As of now, there have been no significant signals indicating the end of the trend running phase, which means this trend still has the potential to continue, although it is difficult to accurately estimate how long it will last.
From our professional understanding of trends, a complete trend evolution typically includes key phases such as accumulation, initiation, running, extremes, and reversal.
Currently, ETH is merely in the process of trend running; from a macro perspective of trend development, this stage can only be considered a mid-term phase of the trend.
If investors hold a more favorable cost price, it is advisable to hold firmly and patiently await further expansion and evolution of the trend to seek more substantial returns.