$ETH Market Analysis

The high points of the previous two rebounds of $ETH formed the key pressure level in the bottom area. Only when $ETH effectively breaks through the key pressure level of 3550 can it give a clear bottom reversal signal.

Yesterday, $ETH rebounded to 3510, which is still a certain distance from the pressure level, and the rising volume is less than the rebound volume on the 23rd, indicating that the current buying is not strong.

And yesterday, the large net outflow of Ethereum ETF sent a negative signal, which is not conducive to Ethereum's upward breakthrough.

In this case, trading Ethereum still needs to be cautious, and it is not suitable for aggressive long positions.