Yes, because the analysis is not only technical but also needs to consider the analysis of the fundamental aspects that occur. Because after all, various news and issues and news developments from a project will be quite successful in influencing the market pattern of the coin, which can also provide special reasons for investors to continue to hold and believe in what the coin is. then for traders, they can think about what strategy is most appropriate for profit in the conditions.
It's very difficult to succinctly explain market behavior in relation to news. Sometimes news comes first, and the price moves in response to it, such as in the case of partnerships or new updates. Other times, news appears only to legitimize price movements, and in these cases, traders can't use that news because it's already been absorbed by the market. This is quite true for spot ETH ETFs.
However, at least when following project news, traders will have more information and hints to make more accurate decisions. If used effectively, news can help traders focus on more suitable scenarios and earn more profits.