According to historical experience, ETH fluctuated in the range of 2800 (high) to 2100 (low) for 3 months (from August to November) last year, and then rose to 4000 USD.

However, the weekly chart for ETH looks quite ugly, with 5 consecutive weeks of long upper shadows on big bullish candles, indicating that it couldn't hold the 2800 USD level after a month of attempts. The Ethereum Foundation lacks vision and always sells off.

In the short term, the monthly upward trend line at the 2400 point level for Ethereum has not yet been broken, indicating that it's not too extreme yet, and the bullish momentum still exists temporarily. The ETH/BTC exchange rate is currently also holding above 0.0222, indicating that the exchange rate is relatively strong. #ETH