Viewpoint: Although the Ethereum trend appears weak, it has not yet reached its peak and is only in a seasonal trend.

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On August 29, trader CoinMamba posted, "The market looks a bit weak, but I checked the ETH chart again, and it seems to me that it hasn't peaked yet. We are just experiencing normal seasonal trends." BlockBeats previously reported that on August 26, Matrixport stated, "Most institutional funds exited during the summer, but Ethereum is still attracting inflows, while Bitcoin ETF may see net outflows for five consecutive months. This month's outflow is expected to be around $1.2 billion, the second highest in history, only behind February's $3.5 billion. Seasonal factors may be transient, but they remind us that capital flow is as important as seasonality. After maintaining a bullish stance in July, we turned cautious in August. Although macro and liquidity factors may still support Bitcoin, the market still needs to remain vigilant at this moment."

ETH-3.81%
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