$ETH
Currently, only a portion of historical supply has been encountered (from the high supply area in 2021), but even on the 4-hour level, there has been no obvious structural damage; the highs and lows are still slowly rising...
Therefore, you may not be optimistic about BTC, but there is no reason to be bearish on ETH.
Looking at the ASR channel, the price is oscillating upward within the orange average pressure zone, showing a consistently strong performance.
This indicates that the current market demand is gradually absorbing the supply near the historical highs.
