According to BlockBeats: BlockBeats reports that on February 9, Benjamin Cowen, founder and CEO of Into The Cryptoverse, made an analysis based on the logarithmic regression channel of Ethereum's weekly chart, predicting that ETH will further retrace this year before starting the next bull market. According to the screenshot, Ethereum is currently positioned at the midpoint of the weekly logarithmic regression channel, and the actual bull market will only commence after the price sweeps below the lower bound (currently at 1500 USD).
The narrative logic of this cycle is undergoing a paradigm shift. The industry signals reflected behind this event are worth pondering.
The market is rewarding those targets that truly have blood-producing capabilities and community consensus.
Viewpoint: Ethereum is currently at the midpoint of the weekly logarithmic regression channel and still needs further retracement before the bull market can emerge, which may indicate that the market's attention on the sector is being repriced. This explains why related sectors have recently experienced independent movements.
If this trend is established, we may see funds shift from purely MEME speculation to sectors with stronger fundamental support. For long-term builders, this is undoubtedly a positive signal.
The market is always full of noise. Whether it's FUD or FOMO, returning to value itself is the only path to navigate through the cycles.
*Note: This article is only an industry observation and does not constitute any investment advice.
