Brothers, let's analyze Ethereum. The current price of Ethereum is at a low of 2540, dropping alongside our big brother Bitcoin. The bulls have been completely wiped out, shattering my illusion of a one-sided trend for Ethereum.
The area around 2550 was an entry point I mentioned to everyone yesterday. There is resistance above Ethereum, and it retraced near the upper boundary of the range. When you see an increase, there's no need to chase; there will always be opportunities to get in. Currently, there are signs of a rebound on the 15-minute chart. If Ethereum rebounds at this position of 2550, the first take-profit level is 2700, and the second take-profit level is around 2800. If it continues to drop, do you remember the ascending trend line I drew on the daily chart? As long as it doesn't break below the trend line on the daily chart, it will rebound. If it continues to fall, you can consider adding positions near the trend line around 2480.
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