Ethereum weekend low at 3226, last night it surged to around 3460 under pressure. Altcoin panic sentiment has reached a freezing point, showing as oversold and heart-wrenchingly low. I mentioned on the 21st that the fees have basically returned to normal, even negative fee rates, with a high probability of rebound. On Monday night, when the U.S. stock market opened, market sentiment briefly brought about a rise. This morning at the highest point of 3460, a whale sold 6500 ETH for repayment. Currently, it seems that the 2-hour level oscillation range for ETH is initially taking shape. Waiting to return close to the lower edge of the range to continue going long, strong varieties like SUI and AAVE have rebounded to their peaks, and ZEN has directly hit a new high. These are the key targets to pay attention to!!!

Bitcoin has not rebounded much and is still in a weak adjustment phase. The test near 90000 has not yet appeared, so caution is needed. However, this position is not suitable for entering short positions again; firstly, stop-loss placement is difficult, and secondly, panic sentiment may strike at any time, making it hard to exit. Accumulating at low positions is more cost-effective, or waiting for a panic strike to go long is more certain! From the 8-hour perspective, around 90000 or slightly below is a relatively good hanging order position. Meanwhile, 90000 is also a psychological barrier for bulls, not easily broken.