#ETH生态和市场动态 Buying ETH for three consecutive days is quite interesting. From the data, it indeed shows that ETH has had a certain pullback recently, but further observation of on-chain activity and capital flow is needed to determine if it has reached the bottom. The factors mentioned by Wang Feng are worth following, especially the entry of institutional funds and the advantages of ETH in terms of programmability. However, as a rational investor, I prefer to formulate strategies based on on-chain indicators and the macro environment rather than blindly follow trends. Moving forward, I will focus on tracking the movements of large investors' addresses and changes in the TVL of DeFi projects, as these may provide clearer market signals.