Ethereum just reached 2700 the day before yesterday, and it withered before it even touched the 2800 point pressure. Today it fell directly to the lowest 2467. It is really disappointing and hurts many people.
However, despite the criticism, this wave of Ethereum was indeed brought down by Bitcoin. Compared with other currencies, Ethereum is still quite powerful.
Currently, Bitcoin's support is around 67-68000. It is expected that Bitcoin will further test the support strength and try a new high again after confirmation. Ethereum and a number of copycats are expected to wait until Bitcoin's new high begins to catch up. In short, this wave of retracement is within reasonable expectations, but there is no need to worry.
Of course, we can observe the specific trend for a few more days. If Bitcoin runs with low volatility between 67-72000, it is basically waiting for the election results. We don't need to bet, but we can keep some funds to prevent a big drop, but the cycle has entered the bottoming stage, and a big drop is a good time to increase positions.
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