#以太坊生态回暖
Every bull market relies on the participation of retail investors, who often go through four psychological stages: Observation Period (doubting the authenticity of the market) → Hesitation Period (afraid of missing out and afraid of a pullback) → Accumulation Period (anxiously buying in batches) → Frenzy Period (fully invested chasing highs). The current market temperature is still in the second stage, and it is not yet time for distribution.