ETH is experiencing a pullback and many people are starting to think that ETH is not performing well and has peaked. In fact, these are the aftereffects of the crazy whipsaw in ETH over the past year. From the data, the situation is not bad. The inflow of funds for the Spot ETF is significant, and this recent wave has seen the third highest net inflow in history, totaling 140,000 ETH—indicating that interest in Ether has not diminished and is even increasing.

The key in the current market trend is to see if ETH can stabilize above 3500 and oscillate. As long as this level holds, it indicates a relatively strong consolidation phase. As long as it is not broken down, there is still a great opportunity to push up to 4040.
There is no need to pay too much attention to short-term fluctuations right now. Even if ETH experiences a pullback this time, it is actually a relatively healthy adjustment. After all, BTC has siphoned off a lot of market funds, and it's indeed difficult for altcoins to move right now. Primarily, they are consolidating, which also presents a second entry opportunity for those who missed out. When ETH starts its second wave, altcoins will continue to soar.