Can #ETH走势分析 still hold on? The overall market fear index has already dropped to 27.

Counting from the peak, the market has been dropping for a full 60 days—those who have made it this far have basically survived the toughest period. But the problem is, there are still no signs of a reversal.

From a technical perspective, all three rebounds have been weak. Looking at the daily Fibonacci retracement, each rebound stalls around 0.5 and hasn't even touched 0.618. $BTC hit the 0.5 level the day before yesterday and was clearly blocked, and today it continues to pull back. If this kind of move could develop into a flag pattern with a gradual upward trend, there might still be some hope.

What we can count on right now are just a few things: whether the rate cut in December will come through, what variables the Fed leadership change might bring, and how the US election results will affect risk appetite. If the news flow cooperates, it's not impossible for the market to stabilize or even rebound.

But to be honest, relying solely on technical patterns and speculative expectations, it's still questionable whether this wave can truly hold steady. $ETH and $SOL are following BTC's lead, and in the short term, it's unlikely they'll make any big moves.