The large pancake has now dropped to a minimum near 96,000. The range mentioned in yesterday's video of 94,000 - 96,000 is currently a quite strong support level. At this moment, it depends on whether this range can stabilize.

96,000 has been reached, and on an intraday level, we need to first look at the support status of this range before exploring the target resistance level for a rebound.

Given the current situation, the upper resistance level can focus on the range of 100,000 - 102,000.

ETH's rebound strength yesterday was relatively weak, only rising slightly above 3,700 before retracting again, failing to reach the 3,800 position. This time, the adjustment directly fell to just over 3,300.

Although I entered slightly earlier yesterday, during this round of decline, altcoins did not follow the drop. It can be said that the drop in altcoin prices has not been significant, showing a trend of slowing decline.

Therefore, relative to the current support position of the second pancake, the range of 3,260 - 3,320 can be referenced, with this support level having been touched once on the intraday level.

On the intraday level, focus first on the resistance point in the range of 3,600 - 3,800. As for whether there will be an overall rebound or a strengthening trend to drive market activity, we still need to pay attention to whether the second pancake can stabilize again at the 3,800 point and open up upward space.

For those who are not able to analyze yet and want to learn more about cryptocurrency and get the latest information, follow me to check the pinned homepage information, no entry barrier to get you on board.