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Let's talk about the ETH market; the recent rebound has been very strong.
Recently, BTC rebounded by 1%, while ETH rebounded by 5%.
The main reasons are:
1. ETH dropped more in this cycle, falling 46% from the highs, while BTC only dropped 35%.
2. The Ethereum Foundation confirmed that the Fusaka mainnet upgrade will go live on December 3, reducing L2 gas fees by 89%.
3. ETH ETF net inflows turned positive on December 1 with $180 million, reversing the $1.64 billion outflow in November, with total institutional holdings exceeding $13 billion.
It’s clear that ETH’s technical upgrades have attracted a lot of Wall Street institutions.
Combined with strong rebound demand, this has made ETH’s rally particularly intense.
#比特币行情观察