#ETH According to the comparison between the monthly chart and the daily chart, the monthly chart's rising trend has not been broken due to the Long Wick Candle closing, and the current rise in the daily chart has not surpassed the medium term, indicating that the daily downtrend continues. However, based on the pattern, this downtrend appears to be slowing. In other words, the long-term trend, calculated on an annual basis, will continue to rise in value. Therefore, many large Holdings Addresses have not taken action and remain optimistic about the long term. In the short term, that is, in the next month or two, there may continue to be a decline, possibly bottoming out around 1700 and then experiencing a rebound.
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#ETH According to the comparison between the monthly chart and the daily chart, the monthly chart's rising trend has not been broken due to the Long Wick Candle closing, and the current rise in the daily chart has not surpassed the medium term, indicating that the daily downtrend continues. However, based on the pattern, this downtrend appears to be slowing. In other words, the long-term trend, calculated on an annual basis, will continue to rise in value. Therefore, many large Holdings Addresses have not taken action and remain optimistic about the long term. In the short term, that is, in the next month or two, there may continue to be a decline, possibly bottoming out around 1700 and then experiencing a rebound.