Garbage Ethereum!
Its daily level has already seen a death cross, and the four-hour line is also on a downward trend. Yesterday, we expected that Bitcoin's new high would drive Ethereum, but we did not expect that investors would sell Ethereum and switch to Bitcoin. Ethereum's performance is really disappointing.
From the perspective of structure and liquidation, the battle for Ethereum to defend 3,000 points is quite similar to some situations in the A-share market. It is difficult to hold on. Even if it can be maintained in the short term, it is expected to be difficult to support by the end of the month.
Moreover, it is approaching the critical time node of the end of the month and the beginning of the month, and the fear index has reached 90. At this critical moment, it may depend on whether Bitcoin can rise to 100,000.
