The warmth of this bull market has dissipated, and the altcoins are being washed away.
Chaotic projects can't hold on, and eventually, someone has to fall off the table.
This is painful, but it's also a good thing—only with the exit of worthless projects can funds flow back to truly promising directions.
The era of white papers painting grand visions and telling stories to deceive investors is slowly coming to an end.
🔍 Back to the ETH chart (6 hours)
The trend hasn't turned bad yet, but it's not strong enough to charge in blindly:
Still oscillating on the right side of the descending trend line → Not yet a new round of decline, but the bulls are not strong enough
Higher highs and lows → Structure remains intact
3250 met resistance and fell back, volume decreased, small body → Bulls are weak
3080 key support has been lost
Bears are gaining volume, and the decline hasn't stopped yet
📌 The moment the decline stops is the opportunity.
The trend hasn't turned bad, but the confirmation signal hasn't arrived—wait, no rush.
After the washout, there will be soil for the next market phase.
