It is not recommended for anyone to catch the bottom of Ethereum, the decline of Ethereum is a spiral decline. In 2021, the fluctuation of Ethereum is somewhat similar to the current fluctuation of Sol, far exceeding BTC. And the narrative is very rich. Now if Ethereum presents a killer narrative, it's like Nvidia, and on the contrary, it is destined not to have a spiral decline.

One of the main reasons why ETH cannot pump is due to the crazy leveraged behavior of retail investors. Retail investors believe that ETH will pump more than BTC, so they leverage and go long on ETH. The ETH whales liquidate the leveraged positions of retail investors, who then continue to open long contracts. This creates a vicious cycle. It also leads to a much higher open interest in ETH contracts compared to its price.
I see that many people in the square are still catching the bottom and leveraging to buy Ether (ETH), which can only be said to be the culprit for ETH not rising.
Even if ETH suddenly rebounds later, it is just a last-ditch effort. The best use of ETH at the moment is only to hedge Bitcoin derivatives. Retail investors, lacking information, are prone to blindly invest all their assets in the wrong tokens. And often, the public's perception is incorrect. #BTC回升至6W7 The concept of AI coin weakens #MSTR stock price breaks out strongly.