Yesterday, the exchange rate of Ether fell again, hitting a new low of 0.04977 this year, just one step away from last year's low of 0.04908. At that time, this low was due to a wave of panic selling caused by the de-anchoring of ETH and stETH, and currently The exchange rate has once again reached the low point that was caused by panic. At this current position, Ether has been suppressed to the limit, and a big rebound may come at any time.

Various indicators show that there is a certain demand for a rebound in the exchange rate of Ether. At present, because the time of the Ether Cancun upgrade has not been confirmed, as well as the current rise of the SOL ecology, and the rise of the pie ecological inscription market, everything seems to indicate that Ethereum will No, his market share is being absorbed by the recently strong AVAX, SOL, NEAR, FTM, etc.

However, I always believe that the rise of Ether is only a matter of time. Maybe it depends on whether today’s Ether core developer meeting can release some good news again and stimulate the return of the Ether market!