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#Show my Holdings earnings I am cautiously optimistic about the trend of Ethereum, mainly due to the following factors:
1. After the crash on October 10, Bitmine purchased 202,000 ETH on October 11, and this morning, a suspected Bitmine address bought another 104,000 ETH, indicating that the DAT buying pressure is still present;
2. After the sharp drop on October 10, the Fidelity FETH, which plays the strongest indicative role in the Ethereum ETF, did not see a large net outflow. Instead, on October 14, there was a huge net inflow of $155 million, indicating that the ETF buying pressure is still present;
3. From the perspective of the volume-price relationship, although the trading volume of Ethereum was significant on both October 14 and 15 when it dropped, it did not fall to the support area on October 14 before stopping the decline. Yesterday, it tested lower again, and the low point was higher than the high point on October 14. The bottom is gradually rising.
4. Ethereum's holdings plummeted to the levels seen in early August after the crash on October 10, and the leverage and liquidation risks in the futures market have significantly decreased.
Overall, there are still some positive factors in the market at present. Although the selling pressure is still quite large, the buying pressure has provided strong support. As long as there are no black swan events such as an escalation of the trade war, Ethereum still has the potential to rise.