ETH is currently dominated by bulls across the board, with the trend showing steady upside movement and a healthy structure of advancing two steps and retreating one step. Key support levels have been repeatedly tested without breaking, with strong buying pressure and weak selling attempts from bears.
The funding situation continues to improve, with institutions and large holders continuously adding positions, long-term holders locking in positions and reluctant to sell, and selling pressure significantly absorbed. On-chain data is warming up, with capital flowing back, and valuations entering
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