ETH is not as weak as BTC, currently consolidating sideways during the day. The 4-hour level W pattern shared yesterday, the right leg has retested the support level mentioned in yesterday's post. Currently, there's no need for a pattern, those who have entered trades should assess the situation. The small-level rebound has not yet ended, but it has started to weaken and move sideways.
The overall approach is the same as previously shared. In the short term, continue to observe price behavior around the 3550 position as a reference for future trends. If the M-top breaks and the neckline is tested multiple times without going up, it might be really dangerous. Prepare for risk management in advance.
Several key positions to pay attention to
Support position
First position 3330-3310
Second position 3270
Third position 3219
Resistance position
First position 3466
Second position 3497
Third position 3550
Daily Market Analysis, like and follow to stay on track.