ETH Ethereum linked to Bitcoin and started a rebound, from the lowest point of 2950 to the highest rebound of 3060, with a rebound of 100 points, which is smaller than Bitcoin. It is currently running above 3000, but it has not deviated too far from 3000 points, and the overall trend is weak.

Before ETF is passed, there is no new liquidity injection for Ethereum, and there is no new narrative. It is difficult to get out of the independent market. The overall sentiment is relatively depressed. Although the current position is low in the medium and long term, the medium and long-term spot continues to be in batches, but there is no expectation in the short term. The short-term is still dominated by Bitcoin. When it starts to strengthen, the focus will be considered to shift to Ethereum.

In terms of exchange rate, it has fallen slightly and is currently running around 0.048. From the daily level, the exchange rate continues to weaken and has not been able to get out of the downward channel. Even if it falls sharply and touches the demand area, it is only a rebound, not a reversal. It may take until the big bull market starts for Ethereum to really strengthen. The short-term is still weak.

At the current point, the upper short-term resistance is 3140 3200,

The short-term support below is 3000, 2800,

In terms of operation, it is still around 3000 points, which is cost-effective. If it can form a shock above 3000 points, you can enter the market with the trend. If it effectively falls below 3000, do not consider going long in the short term