In the morning, Ethereum and Bitcoin fell, reaching a low of around 3066. Yesterday, our short-term idea was to buy low in the range of 3060-3100, with risk control below 3000. The current highest rebound is around 3150, which can make a profit of more than 50 points. It is currently running around 3130. Today, Ethereum's overall trend is stronger than Bitcoin.

In this round of market, Ethereum lags behind Bitcoin in all aspects and has not seen its own independent market. On the one hand, there is no new narrative on the chain. After the Cancun upgrade, Ethereum has no sense of existence. On the other hand, the liquidity from the US market is mainly focused on Bitcoin. The focus will be on the Ethereum spot ETF in May. At present, whales are still accumulating Ethereum. It can be seen from the strengthening of the exchange rate that in the falling market, the exchange rate of Ethereum continues to move closer to 0.05. At this position, there are people who sell and buy. When no one cares, you can make a layout and harvest when there are many people.

In terms of exchange rate, it rebounded by more than 1% today and has approached 0.05, we have mentioned this point countless times, the dividing line between strength and weakness. If it stands firmly, there is a lot of room for Ethereum to make up for the rise, starting from 20%. The current problem of the market is the depletion of liquidity, not the fundamentals. Any decline is an opportunity for layout. When all retail investors want to cut their losses, think clearly about who is buying

At the current point, the short-term focus below is 3060 3000,
The short-term resistance above is 3200 3300

In terms of operation, if the volume breaks through 3200, the market may have a chance to strengthen. After the breakthrough, enter the market. The positions of low-absorption in the range of 3060-3100 should be risk-controlled and continue to hold. If it falls below 3060, exit with capital preservation.