Elom新
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Ethereum has fallen for 4 consecutive months, which is quite rare
ETH has recorded four consecutive bearish monthly candles from January to April. To be honest, such a trend has rarely been seen in history. Even during the bear market in 2018 and the period of FTX in 2022, there wasn't such a slow decline for four consecutive months.
However, this wave is different from the past; it's not a sharp drop but a typical 'stealthy decline' market. It's calm and unhurried, but there's not much buying interest, and the funds seem to lack significant interest. It feels like the market's expectations and attention towards ETH have cooled down.
🔹 The ETH/BTC exchange rate has also remained weak, indicating that it is relatively more hesitant than the overall market.
🔹 The L2 ecosystem is too fragmented, and the staking assets are too heavy. ETH now resembles a 'large-cap blue chip' on the chain, needing a new narrative or catalyst.
🔹 The expected ETF has also not made any substantial progress, and after the narrative stalls, the sentiment tends to weaken.
But let's not be too pessimistic; ETH now seems to have reached a stage that is 'awkward but not dangerous':
The structure hasn't been broken, but there's been no breakthrough;
No one is dumping, but no one is aggressively buying either;
There are no clear bearish signals, but also no clear catalysts.
Many people are waiting for a signal. It could be positive news on the policy front, or perhaps a new story emerging from the ETH ecosystem itself.
Ethereum has indeed been a bit dull lately, but it’s not at the point of being 'bearish.' Four consecutive bearish candles are historically rare; perhaps looking at it from the other side — as long as it stops falling, it's likely to form a rebound structure.
The market sometimes behaves this way, adjusting quietly and then gradually moving upward.
ETH has recorded four consecutive bearish monthly candles from January to April. To be honest, such a trend has rarely been seen in history. Even during the bear market in 2018 and the period of FTX in 2022, there wasn't such a slow decline for four consecutive months.
However, this wave is different from the past; it's not a sharp drop but a typical 'stealthy decline' market. It's calm and unhurried, but there's not much buying interest, and the funds seem to lack significant interest. It feels like the market's expectations and attention towards ETH have cooled down.
🔹 The ETH/BTC exchange rate has also remained weak, indicating that it is relatively more hesitant than the overall market.
🔹 The L2 ecosystem is too fragmented, and the staking assets are too heavy. ETH now resembles a 'large-cap blue chip' on the chain, needing a new narrative or catalyst.
🔹 The expected ETF has also not made any substantial progress, and after the narrative stalls, the sentiment tends to weaken.
But let's not be too pessimistic; ETH now seems to have reached a stage that is 'awkward but not dangerous':
The structure hasn't been broken, but there's been no breakthrough;
No one is dumping, but no one is aggressively buying either;
There are no clear bearish signals, but also no clear catalysts.
Many people are waiting for a signal. It could be positive news on the policy front, or perhaps a new story emerging from the ETH ecosystem itself.
Ethereum has indeed been a bit dull lately, but it’s not at the point of being 'bearish.' Four consecutive bearish candles are historically rare; perhaps looking at it from the other side — as long as it stops falling, it's likely to form a rebound structure.
The market sometimes behaves this way, adjusting quietly and then gradually moving upward.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
ETH
1,823.56
+0.12%