From the data point of view, Ethereum is still in the main spot accumulation stage; Since this round of bull market, Ethereum has experienced 3 rounds of spot accumulation and is now in the fourth round of accumulation, but the fluctuation range of this round is greater than the previous three rounds:

First round: August 2023-October 2023, accumulation range 1750-1520, oscillation range 13%, final high point 2700, increase 70%;

Second round: January 2024, accumulation range 2500-2200, oscillation range 12%, final high point 4100, increase 70%;

The third round: from mid-April 2024 to mid-May 2024, the accumulation range is 3200-2800, the fluctuation range is 13%, and the final high point is 4000, with an increase of nearly 40%;

The fourth round: from mid-June 2024 to now, the accumulation range is 3500-2800, the fluctuation range is 20%, and the next one can be observed; Finally: The spot accumulation mentioned here is not the kind of situation that many retail investors or KOLs understand, that is, they keep buying and never selling. From the data, the profit expectation of the main spot is 40%-70%. When entering this profit range, the main force will start to stop profit, which is the real transaction; so those radical pie that rises and falls every day looks at 100,000 for big cakes and 10,000 for ether, and say that those who come to the market to find zero are all fools who do not trade at all;