①Can Ethereum outperform Bitcoin? The answer is yes. Once Bitcoin stops falling and stabilizes, Ethereum is likely to perform better. First, as the leader of altcoins, Ethereum has high trading activity and strong liquidity; second, it is close to the starting point of the rise and cannot allow a sharp decline. The underlying logic is very clear. It must expand the space through ups and downs to resist the impact of Bitcoin's decline. There is no doubt that Ethereum will eventually refresh its historical highs, but before that, it needs time to settle and accumulate momentum for subsequent rises.
②If Ethereum continues to decline, where is the support level? In the [3210 - 3280] range. To be honest, if it falls below 3210, the downward target is likely to be near it, but 3210 may be a false break. Overall, there is not much room for Ethereum to fall further in the short term.
③How high can Ethereum go if it attacks upward? After breaking through 3550, you can pay attention to the [3720 - 3740] range, where it is likely to encounter resistance. It should be noted that it is still a small spring. Ethereum will most likely have to wait until Trump takes office, especially after the new SEC chairman takes office. After all, Ethereum's epic benefit is the pledge ETF, and SEC member Pierce is positive about it. She believes that the new leadership is expected to promote the approval of the ETF.
