ETH:
ETH is in trouble. Under the threat of Grayscale's selling pressure, the selling pressure in the Asian session is relatively large. The relevant close supports have basically been broken. It is overly pessimistic to look at the support below.
Defense, there are two positions that need to be defended during the day. The first is 3200, MA200. If this position is stable, the price will have a certain emotional stabilization in the short term. The second is 3360-3400. If the price can return to this position during the day, it will be more beneficial to the subsequent rise.
RSI: The index quickly fell to around 39. ETH's trend is more pessimistic than BTC, and the same is true in terms of sentiment. However, if the index continues to fall, it will touch the oversold rebound sentiment around 30.
