According to technical and chain analysis, medical ether (ETH) did not see an increase, indicating that it may remain below the $2000 price for consolidation in the middle and later stages. In addition, the lack of merchants and strong fundamentals may protect Ether from the impact of a sustained decline.

Medical ether suffers from friction resistance at its long upward reversal point.

The ETH/ dollar has risen 42.80% since the beginning of 2023, thanks to the squeeze of short orders in the alternative currency market, negative investor sentiment and high liquidity. According to the transmission chain and technical strength, the increase is suspended at the key medium and short line pivot.

Glassnode's relative outstanding loss index takes into account the scale of loss-making operations in the accounts of Ether holders. The orange line means the medium and short-term axis, and consolidation above this level represents a bear market trend, and vice versa. In general, the industry has shown an upward trend after long-term consolidation after rising from the original historical time, which shows that the index value of unfinished losses has dropped significantly.

Similarly, from a technical point of view, the ether double cannot break the friction resistance of 0.082BTC (BTC), bringing the price back to the parallel trading range between 0.053 BTC and 0.082BTC.

Will it be different this time?

By historical standards, Ether missed the previous bottom by a wide margin; the minimum percentage of supply to profits expanded to 42.1 per cent, compared with 20 per cent of profits during the previous bear market period. This suggests that ETH holders will face a lot of pain in the future. However, the development trend of chain franchise shows strong popularity and stock buying, which greatly reduces the downward pressure.

The shift in Ether's net position on the exchange shows that the current bear market is very different from the previous bear market. Between 2018 and 2020, the amount of ether injected into the exchange was much higher than that of discharge, indicating that many holders transferred their coins to trading centres for sale. However, in the negative period of 2022, despite the decline in prices, the discharge of foreign exchange trading is still strong, indicating that the pressure of selling work is poor in the bear market at this stage.

The percentage of Ethernet supply that locks blockchain smart contracts also shows a similar situation, and the ethernet of blockchain smart contracts has not declined significantly. The upward trend that originated at the end of 2020 remained strong during the 2022 economic downturn, suggesting that a withdrawal is unlikely to occur in the short term.

With the rapid development of the network to support the sustainable use and profits of ethernet holders, ethernet has a very great development prospect. In September 2022, Etherum's shift from work certification to interest confirmed that it would be a big deal for the Internet as he became more environmentally friendly and, more importantly, reduced inflation.

In addition, the Ethernet improvement proposal 1559 launched earlier in 2022 introduced Ethernet cost kindling, coupled with a reduction in the volume of business consolidation, resulting in property deflation. Since the integration, the total supply of ether has decreased by about 0.015%.

However, CoinShares statistics on the net inflow of organizational funds into digital currency investment and wealth management products show that more mature investors are not keen on ether, usually persistent BTC. In 2023, only $8 million has been invested in Ether so far this year, compared with $158 million for Bitcoin projects and $23 million for BTC empty bills.

The test of controlling picture quality and Ethernet scalability is likely to be the result of investors' reluctance to be important. The Foreign Securities and Exchange Commission (United States Securities And Exchange Commission) recently imposed a $30 million penalty on Kraken, mainly because the regulator thought it was a kind of securities.

Because centralized service providers such as Kraken are banned from providing these services, and perhaps Coinbase, organizations are likely to be reluctant to try fragmented liquidity chip service platforms such as Lido and Rocket Pool.

Etherum's high gas charges remain a long-term test, limiting large-scale selection. The average transfer fee for ERC-20 assets on Etherum is between $2 and $5, and the cost of a simple swap transaction is about $5 to $20.

Compared with other franchise stores and centralized exchange fees, this fee is very high. Although the development trend of the second-tier area has taken place, these institutions seem to be in a "hesitant" manner when analyzing the development trend of the login password area.