According to Deep Tide TechFlow news, on November 18, analyst Markus Thielen's latest report pointed out that there were data signal warnings for Ethereum's recent price adjustments.
Since the summer, the price of Ethereum has mainly been supported by continuous buying from Bitmine. As this buying pressure subsides, coupled with the fact that cumulative net inflows into Ethereum ETFs have reached $10 billion and long positions are at a high level, the lack of new capital to take over has resulted in price pressure.
As of now, Ethereum has accumulated a correction of about 10% this year, with a decline of nearly 20% since the risk warning. Analysts also emphasize the importance of relying on data to establish investment advantages.
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