It's been a long time since we talked about Ethereum. I see many people saying how can it be so weak, and it feels that the weakness is mainly due to holding a position for a short-term rebound. Looking back at the early stage of this round of market movement, it was quite strong. It was completely caught off guard by KelpDAO because it was very strong when the DeFi protocol incident started. After that event, it gradually weakened, which can be seen as a butterfly effect—initially everyone was cautious, and later, if you don't buy, I don't buy, and nobody buys.

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