ETH's recent trend is actually quite interesting.

After Trump was elected, ETH rose by 40%, but this is more like a process of absorbing funds and building positions, rather than a typical pull-up. Why do you say that? A pull-up usually has a large positive line, and one or several K lines directly release a huge amount, which is very obvious. But this wave of 40% rise is more of a superposition of small positive lines, and the volume is relatively even, which looks like the rhythm of not wanting others to grab chips.

Combined with the continuous inflow of BlackRock's ETF at the time, this wave of rise is likely to be a position building by Wall Street bigwigs.

Then, ETH had a callback of about 10%, and the volume was significantly reduced. It stepped on 3000 several times, but it did not really fall below. Especially this morning, the large-scale killing was still stable at 3000. This wave is likely to be a wash-out.

Judging from the trend, today's killing may be the last wash-out of Ethereum, and the chips have been almost washed out. The next step should be a real large-scale pull-up led by a large positive line.

Therefore, the next step is to patiently wait for ETH to increase in volume and wait for the arrival of the alt season!