When Bitcoin was 40,000, Ethereum was 3,000. When Bitcoin was 60,000, Ethereum was also 3,000. Now that Bitcoin is 90,000, Ethereum is still 3,000. Fans often message me asking why I don't talk about ETH. What is there to discuss when it’s like this? Its previous strength was due to the fact that both ICOs and DeFi required a large amount of ETH, which rose from a low of around 80 in 2018 to nearly 5000 in the last cycle, but what does it have this time?

It’s hard to get an ETF, but people all rushed to Bitcoin. On top of that, Solana is lurking nearby. I mentioned before that if I had to choose, at least for now, I would pick SOL. So what about Ethereum? I have some personal opinions; remember to like, follow, and save this so you don't lose it.

Although we don't see enough reasons for it to rise at the moment, in the future, we can look forward to the opening of staking for Ethereum’s ETF. Although the yield is not high, it’s still a big temptation for large finance. Moreover, as the yield on old U.S. bonds continues to decline, staking for Ethereum will become increasingly appealing. Another thing is waiting for the funds to flow back to Ethereum, waiting for its rebound, but that’s all in the future. The main upward trend is likely in the later stages. For those currently holding it, waiting is a kind of torment. As for what to do now, there's no need to get too hung up on it; at least for now, there are several options that are better than it.

Now back to today’s $BTC market analysis: From the K-line perspective, the 1-hour level is fluctuating, the 4-hour level is weak, the 12-hour level is sideways, and the daily level is rising. The intraday resistance level is 93,500, and the support level is 88,700 dollars.