ETH has been in a consolidation phase since August 25. Despite its ups and downs, it essentially remains in a consolidation. From my perspective, the ETH market is not over yet. This also indicates that many people were indeed trapped at the high point in 2021. Between August 14 and 20, it went through a week of a descending channel to wash out, and then leveraged positive news to pull up with a bullish candle to test (while also reaching a new high). The selling pressure is still heavy, and it has gone through a consolidation triangle to wash out again. Since August 13, there has been a significant net outflow of ETH (not referring to ETFs), but in the last three days, the net outflow has gradually decreased, and it has reached the end of the consolidation triangle. The day before yesterday saw a false breakout, and last night a false breakdown, and it is currently still oscillating within the triangle range. From my perspective, this does not look like the main force is escaping;...
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