#ETH（以太坊）

Ether dropped to 3000 points twice in the early morning, reaching a minimum of 2995, and then demand began to rebound. The highest rebound during the day was around 3120. The overall rebound was limited. At present, it fell back in conjunction with Bitcoin and fell again to around 3000. For Ethereum, 3000 points is very critical. If it effectively falls below, there will be a vacuum zone below, and the support is far away, and the risk is uncontrollable.

The current decline of the market is mainly caused by Bitcoin. From the strength of the decline of many cottages and the exchange rate of Ethereum, we can see that the current round of cottages has been thorough enough. The chips in the hands of retail investors have basically been washed out, but in terms of Bitcoin, Grayscale still holds a large number of chips. These chips are low-priced profit chips, so there is no cost to smash the market. Once the market continues to be weak, panic selling may occur. On the other hand, if the market stabilizes, cottages have great opportunities, so it is a safer approach to continue to deploy spot at lows.

In terms of exchange rate, there is not much fluctuation today, running at 0.0485 Nearby, the current exchange rate is low in the medium and long term, but in the short term, ether has no independent narrative and it is difficult to strengthen independently. In the counter-trend, the main force will only choose to absorb funds and will not make markets independently. If it does not stabilize at 0.05, do not easily enter the market in terms of exchange rate

At the current point, the short-term focus below is 3000. If it falls below 3000, the large-scale support below is 2700

The short-term resistance above continues to focus on 3100 3200

In terms of operation, we can only focus on whether the 3000 point can stabilize. Once it effectively falls below, we will no longer consider going long in the short term. If it does not fall below 3000 during the US trading time, we can try to enter the market