Do you still remember the assessment from January 26? At that time, it was said that there would most likely be a rebound lasting 1 to 3 months. The biggest controversy back then was: Does this round that started on the 21st count as a “major rebound,” or do we have to wait for a new low before the real one arrives?

Looking back now, the answer is obvious—the starting point was January 21. The rebound cycle lasting about two months had already begun.

There’s a common understanding in a bear market: it’s impossible to keep dropping endlessly. If it really crashed all the way down without turning back, there’d be no need to wait until September or October 2026; we’d see #ETH走势分析 drop to just over 60,000 this year. But that’s clearly unrealistic. Once the decline accumulates to a certain extent, a technical correction is bound to happen, even if it’s just a brief respite.

The logic behind the price movements of $BTC and $ETH is similar—the key is not to get blinded by short-term volatility.