【Ethereum Market Analysis】
2025-12-4 14:00
The two illustrations at the end of the text,
both are 'Auntie·Daily Chart'.
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From the first illustration at the end, we can see:
The price has been continuously retracting recently,
Although it has fallen not far below the previous 'Wave 1' high,
It has not stayed for a long time,
And has not operated long-term below the 'Wave 1' high of 2879 dollars.
According to the 'Elliott Wave Theory':
This means that Auntie will continue,
To launch an upward trend of 'Wave 5 Drive Wave',
The wave theory has not failed.
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From the second illustration at the end, we can see:
The price movement,
Today has broken through and stood on the 'Descending Trend Line' strong resistance,
Therefore, there is no reason to be bearish or look downwards.
Previously, market sentiment,
Was in a state of continuous extreme fear,
However, the trading volume has shown a gradually shrinking characteristic,
Indicating that the market supply selling pressure,
Is also gradually getting weaker.
Therefore, at this time,
We can again stand on the strong resistance of the 'Descending Trend Line' white line.
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In this round of bull market cycle,
Auntie's highest price once reached 4956 dollars,
Compared to the last bull market's highest price of 4868 dollars,
It is only slightly higher by 88 dollars.
If we assume 4956 dollars,
Is Auntie's highest price in this round of bull market,
Then it does not conform to the cyclical growth pattern of the cryptocurrency industry.
Therefore, it is expected that in the future,
Auntie still has the opportunity to create new historical highs.
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In the near future,
It is expected that Auntie is likely to gradually oscillate upwards.
