ETH is about to close the monthly line, will it surge again??

Currently, the contract funding pool above Ethereum has reached its peak, and Ethereum has shown signs of weakness. It seems like a breakthrough, but it's actually a false breakout. Moreover, the current inflow of funds on-chain has significantly decreased, with capital slowly shifting towards altcoins.

Market trends arise from despair, develop in hesitation, and end in frenzy. What often informs you is not your mind, but those who can profit from future trends.

Ethereum is starting to close the monthly line, and there are also tax regulations coming into effect in August, which are reasons for a stimulating environment. At this stage, it's temporarily not advisable to go long on retracements; you can shift to other strong coins. If ETH establishes a trend, I will notify #稳定币监管风暴 #以太坊突破3700 #NFT市场回暖 $ETH .