Although ETH is currently at a low point, it has no independent narrative and can only fall in line with the big cake. It has dropped from the highest level of 3050 to 2880, a drop of 160 points. In the absence of fundamental negatives, it is a plunge, and bulls have suffered heavy losses. It is currently running near 2900, and the rebound is very weak.

From the daily line, the decline of ETH has come to two months, and the decline has also reached 30%. Assuming that the bull market has not ended, this adjustment time and amplitude are sufficient. At present, the market sentiment is tortured and continues to be depressed. When the wash is thorough enough, it is the time for the market to reverse. The most stable strategy is to continue to deploy spot in the medium and long term.

In terms of exchange rate, it continues to fall slightly and is currently running below 0.048. The current overall exchange rate has reached the demand zone. The market as a whole expects ETH to reach a low level, but it still needs a large amount of energy to strengthen, and the medium and short-term difficulties are relatively large.

At the current point, the upper short-term resistance is concerned about 3000 3140

The lower short-term support is concerned 2880, 2800,

In terms of operation, it has effectively fallen below 3000. The overall trend remains weak. The risk of waiting for strength before entering the market on the right side is more controllable.

If the volume breaks through 3000, chase more on the right side. On the left side, pay attention to the opportunity to buy low at 2850-2880