Why is the price of Ethereum running at a lower level than the market?

Does ETH have a chance to overtake in the next round of market?

Since August, the price of ETH has been running at a lower level than the market, but there are many different opinions on why the price of ETH is running at a lower level than the market. There are ideological disputes, competition from other public chains, and V God is not doing his job because of his love affair. There are also various other opinions, which I think are all reasonable. Let me explain my point of view from a technical perspective.

From the underlying logic of the economy, I personally speculate that it is mainly the result of the game of multiple large funds, including hot money and a large number of retail investors who are optimistic about ETH. Because ETH has an important position in the market, the holdings of various funds are not few. In addition, after the market weakened, the inflow of funds decreased, which exacerbated this situation.

To put it simply, the original market makers did not absorb enough chips, and a large number of users were influenced by traditional views and were optimistic about the potential of ETH and were unwilling to give up their chips. In addition, the ecological construction was not ideal, and the market's acceptance became lower, resulting in the weakening of the market makers' control when they were pulling the market. As a result, they simply gave up the market at this stage and turned to low-level fluctuations, using time and "unprofitability" to grind away some unsteady chips and short-term customers, and then act when the opportunity arises.