In terms of Ethereum, the trend is relatively weak, still fluctuating around $2500. Technically speaking, in the short term, it resembles a 'watching area' of the market, with funds more inclined to bypass the main chain itself and seek narratives with more explosive potential, such as meme coins and protocol assets based on the ETH ecosystem. This differentiation indicates that the market's confidence in Ethereum itself has not yet fully recovered, especially when looking back at the deep correction in early 2024, many ETH ecosystem projects have still not fully recovered.
