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How to understand Ethereum's performance in this cycle?
A few days ago, we discussed that this cycle compared to the previous one is essentially a bear market of bubble squeezing for the altcoin market.
As the core infrastructure supporting various decentralized narratives and applications, Ethereum's price performance is highly correlated with that of altcoins. When altcoins perform poorly, Ethereum naturally also underperforms.
The high point of this cycle is very close to the high point of the previous cycle, so Ethereum's performance in this cycle is a process of sideways consolidation.#2026币圈Flag