I have always felt that the market will not end at this stage because all products in the cryptocurrency space, including Ethereum and altcoins, have mostly not shown improvement. The sentiment around Ethereum breaking its historical high has not brought much, rather, it has encountered a pullback after reaching a new high. If it ends here, then who benefits? Institutions and listed companies? Most of Ethereum's cost is still around the 3 range, while most institutional costs for Bitcoin are around 70,000. So, after all this effort and so much capital, achieving just this percentage of profit seems unlikely.

If you say that institutions and listed companies have different expectations from retail investors, then fine, now many altcoins have also started to accumulate crypto reserves, which are genuinely buying with money. Moreover, most altcoins are just holding on and haven't started to perform, so ending here does not align with logical expectations.

Also, now some people are using peak escape indicators to view market expectations. All market indicators are lagging, and currently, just Trump's words can influence market trends and expectations. Therefore, judging bull and bear markets based on these indicators is something only those who understand would know.

If we are talking about an ending signal, it would definitely be when some listed companies start selling coins or when altcoins' crypto reserves sell coins, as that could indicate an end. Ethereum was bought up by listed companies' crypto reserve strategies starting in June; otherwise, would these fluctuations be reliant on the Ethereum team alone? Impossible. The Ethereum Foundation itself is continuously selling off, constantly affecting the market. I wonder if everyone remembers a time when the Ethereum Foundation would sell Ethereum, and the next day, Ethereum would respond with a pullback.

In fact, the logic is similar to ancient whales currently selling Bitcoin to buy Ethereum. It's just that these whales' funds have not left the cryptocurrency space. However, when listed companies sell, it's different; selling by listed companies likely means they are directly cashing out. Keeping an eye on this action could also be considered a signal of a market peak.