#美联储恢复降息进程 ETH has experienced a significant pullback recently, dropping from around 4200 dollars in Q3 to near 2700, and is currently range-bound in the key support area of 2400-2500. Although the capital inflow from the ETF side doesn't seem very strong, the on-chain fundamentals are actually quite solid — a quarter of ETH has already entered stake status, and the transaction fees on layer two networks continue to decline, which is beneficial for the long-term development of the ecosystem. Notably, on November 21, there was an inflow of 55.7 million dollars in a single day, indicating that capital is positioning itself at the bottom. Many people are pinning their hopes on 2026, believing that once the macro environment becomes clearer, ETH will usher in a new round of market momentum. $UNI $ASTER