The Space Army is getting weaker!
From the daily level, the bears indeed made three attempts to push down prices.
If you don't know how to read the chart, seeing these three declines would surely make you panic, thinking it's all over, right?
However, if you look closely, you'll notice that each successive low point is higher than the last.
When you consider some other details, such as the volume, the length of the candlestick bodies, and the degree of pullback, you will understand.
On the surface, it looks like there were three declines, but in reality, the bear strength is weakening with each attempt.
Looking at the bulls in reverse,
after the first price drop, the bulls launched an attack, pushing the price even higher than before, indicating strong strength.
After the second price drop, they pushed the price to a new high again, indicating that the bullish strength has become even stronger.
From the recent trends, it is evident that the bears are getting weaker; how will this time perform? We can wait and see.
From the current trend, it is clear that the bulls have the upper hand.
It is not as many people say, thinking that because Ethereum didn't break through several times, it will definitely plummet.
