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Sanitation: Ethereum has fallen 36% since local highs. If the market stabilizes or encounters an unexpected rebound "

On February 8, crypto market research firm Santiment released a chart report that the market value of Ethereum has dropped by 36% since its local high seven weeks ago, resulting in a sharp drop in the number of profitable ETH. Judging from the daily closing data, the current ETH profit ratio hit a four-month low, and the number of profit tokens has also dropped to a three-month low. As the second-largest cryptocurrency by market value, Ethereum has performed worse than other large-cap currencies, and market sentiment has fallen into significant negative proportions. Despite the current panic mood (FUD) and continued selling by retail investors, once the crypto market stabilizes, Ethereum may experience an unexpected rebound.

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