4-13 Ethereum Analysis:

What do you think of Ethereum? It is indeed very weak recently, and the decline is much greater than that of Bitcoin, which makes it difficult for the copycat to rise. The amplitude of the early morning plunge is close to 14%, and the difference between the spot and the contract is close to 40 dollars. The pin is very strong.

From the four-hour chart, Ethereum appears very weak after being rejected at Fibonacci 0.618. Since it is rejected and forms a downward trend, Ethereum will most likely continue to clear the liquidity below. If there is a rebound after clearing the flow below, I will choose to enter the market on the right side.

From a short-term wave, if there is a pullback in the 2-hour level trend in Figure 2, then you need to pay attention to the position of Fibonacci 0.618, which is the price near 3409. If it continues to be blocked there, then you need to pay attention to whether this position will become the starting point of the next round of decline #ETH