ETH strengthened slightly in the early morning, reaching a high of around 3655, and then began to weaken. It fell in tandem with Bitcoin, reaching a low of 3500, with a maximum drop of 150 points. The overall drop was large, and high-leverage users were cleared again. Combined with the current high funding rate, it is painful to do long at high times if you can't get a big increase immediately. The risk of holding spot is more controllable.

Yesterday, Ethereum went out of the independent market, and today it was beaten back to its original form, indicating that the main force's confidence is still insufficient. The high-level shock of the market has not ended yet, and the main force of Ethereum dare not act rashly. Before the market stabilizes, try to consider Bitcoin as the target. Bitcoin has stronger certainty. After the subsequent verification of Ethereum's rebound and strengthening, we will switch to Ethereum. There is no need to rush to enter the market. Spot can continue to be deployed on dips, and the holding period is long. Short-term fluctuations can be ignored. The space above is still worth looking forward to.

In terms of exchange rate, it fell slightly today and is currently running around 0.051, a drop of about 1%. As long as it does not effectively fall below 0.05, no need to panic too much, still buy on dips, if it effectively falls below 0.05, no longer consider buying on dips in the short term, just operate around key support, and wait for strength before entering the market on the right

At the current point, pay attention to short-term resistance 3630 3730 above

Short-term support below pay attention to 3500 3460, currently 3500 support is effective, and rebound will start when support is touched. The main idea is stabilization, and the supplementary idea is breakthrough

In terms of operation, pay attention to whether it can form shocks near 3550, and if shocks are formed, you can try to layout, and the focus on the upper side is still whether it can break through 3630 with large volume, and you can chase long with the trend if it breaks through