3380 has become the support point of Ethereum. The new resistance point of Ethereum is 3700. It broke through for the first time on the evening of May 21, but it has not stabilized yet.

Because at 20:00 on the evening of May 22, Ethereum pulled back below 3700. If it pulled back below the resistance point within 24 hours, it would not be considered stable.

On May 21, Ethereum rose by as much as 22%! Such a high increase in a single day will inevitably trigger a pullback in Ethereum.

At the end of the article yesterday, it was emphasized that Ethereum would pull back to 3568 and Bitcoin would pull back to 68600.

During the day yesterday, Bitcoin was sideways around 69800 and Ethereum was sideways around 3750; at 20:00 in the evening, it began to pull back, Ethereum pulled back to 3653 and Bitcoin pulled back to 68888.

Most of the altcoins had a pullback of -3% to -5% last night, and at the end of the article yesterday, it was reminded to stop profit by half.

In general, yesterday's trend was basically in line with expectations.

It will continue to pull back today, Bitcoin will fall again to around 68000, and Ethereum will fall to 3568.

The support point of Bitcoin at 68,000 and Ethereum at 3,380 are very important and critical. If Bitcoin falls below 68,000 and Ethereum falls below 3,380, the market will return to the consolidation stage.