It's been a long time since we talked about Ethereum. Many people say how can it be so weak, but feeling weak is just because it's a position for a rebound rally.

Looking back at the early stage of this round of market movement, it was quite strong. It was completely caught by KelpDAO because when the DeFi protocol issue started, it remained very strong. After this event, it became weaker and weaker. This can be seen as a butterfly effect—initially everyone was cautious, and later if you didn't buy, I didn't buy, and nobody bought.
Actually, there's no real need to stubbornly chase its rebound. This thing is just a soft target; shorting it is the first choice, but going long requires careful consideration. After all, based on its performance over a long period, it's really not as good as Bitcoin.
Ethereum is seen as the second brother but has already diverged from the mainstream trend. Now it’s all about sentiment—if it rises, it rises; if it falls, it falls even more sharply. Anyway, the trend is very imitation-like.
Unless there's a sudden wave of good news or emotional stimulation, it’s probably going to stay like this in the short term.