Cat Eye Focus | ETH Enters Nokia Trend, Can E Guardian Hold Up This Time?

Ethereum (ETH) recently dropped to $1,577.71, down nearly 49% compared to the same period last year, raising concerns in the market about its future trend.

Today, for the first time, the GAS on the Ethereum chain has awkwardly shown a value of 0, and there aren't many users left using 'ETH'.

Is ETH likely to replay Nokia's 'double top' trend, fall into long-term consolidation, and then completely fade away?

After hitting peaks in 2021 and 2024, ETH's price trend has shown a 'double top' pattern. Some bloggers directly compare it to Nokia's historical trend, but overlook the essential differences between the two in terms of market positioning, technological development, and ecosystems.

However, if it continues to decline and consolidates around 1000, it might be hard to say!

🛠️ Fundamentals Still Provide Support

Leading Position: Currently, Ethereum is still the representative of the web3 ecosystem (with SOL and BNB following closely behind).

Technological Upgrades: Ethereum continues to promote technological upgrades, such as Sharding and Danksharding, to improve network performance and scalability.

Ecosystem: Ethereum has a large developer community and a rich application ecosystem covering multiple fields, including DeFi, NFT, DAO, and more.

Institutional Participation: Despite the volatility in ETH prices, institutional interest in Ethereum continues to grow, especially in the areas of real asset tokenization (RWA) and Web3 applications.

📊 Future Outlook

As the United States gradually clarifies its cryptocurrency regulations, the market environment for ETH is expected to improve. This could be a lifeline for E Guardian.

Summary: For now, it can hold up, but if it really falls, it may not be able to hold on!