November 8 / After Ethereum takes off, can DEFI and Ethereum Layer 2 protocols catch up?
#uni #ETH #JTO #doge #sol
🔹Cognitive Society Review
认知社
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November 8 / After Ethereum takes off, can DEFI and Ethereum Layer 2 protocols catch up?
#uni #ETH #JTO #doge #sol
🔹Cognition Society Comment
On November 8, the highest rebound point of Bitcoin was 77000, which matched the pressure level of 77000 in yesterday's Cognition Society article.
In 2024, there are a few rare days of Bitcoin sideways fluctuations, while Ethereum takes off; everyone is used to Bitcoin's sideways movements, but altcoins are in a downtrend.
Ethereum is strongly consolidating at the strong resistance level of 2940, which hasn't been seen in the past few months; every time Ethereum encounters a strong resistance level, it falls sharply, having dropped three times alone from 2730.
Why did Ethereum's first surge see the DEFI sector follow, but the second surge saw the DEFI sector and Layer 2 not follow?
🔹Cognition Society Comment
On November 8, the highest rebound point of Bitcoin was 77000, which matched the pressure level of 77000 in yesterday's Cognition Society article.
In 2024, there are a few rare days of Bitcoin sideways fluctuations, while Ethereum takes off; everyone is used to Bitcoin's sideways movements, but altcoins are in a downtrend.
Ethereum is strongly consolidating at the strong resistance level of 2940, which hasn't been seen in the past few months; every time Ethereum encounters a strong resistance level, it falls sharply, having dropped three times alone from 2730.
Why did Ethereum's first surge see the DEFI sector follow, but the second surge saw the DEFI sector and Layer 2 not follow?
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