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Analysis: Ethereum Shows Signs of Weakness But Has Not Peaked Yet, Only in Seasonal Trend
Summary: In a recent post, trader CoinMamba stated that the market appears somewhat weak, but upon reviewing the ETH trend chart again, it seems that it has not yet peaked. We are just experiencing a normal seasonal trend. On August 26, Matrixport indicated that most institutional funds have exited the summer market, but Ethereum continues to ...
In a recent post, trader CoinMamba stated that the market appears somewhat weak, but upon reviewing the ETH trend chart again, it seems that it has not yet peaked. We are just experiencing a normal seasonal trend.
On August 26, Matrixport indicated that most institutional funds have exited the summer market, but Ethereum continues to attract inflows, while Bitcoin ETF may see net outflows for the fifth consecutive month. Outflows this month are estimated at around $1.2 billion, the second highest in history, only behind February's $3.5 billion. Seasonal factors may be temporary, but they remind us that fund flows are equally important. After maintaining a bullish stance in July, we turned cautious in August. Although macro and liquidity factors may still support Bitcoin, the current market still needs to remain vigilant.
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Link: Analysis: Ethereum Shows Signs of Weakness But Has Not Peaked Yet, Only in Seasonal Trend [Copy]
