$ETH
The market situation of Ethereum is as follows: Before the upcoming listing of Ethereum ETF, the spot market is troubled by the large amount of buying in the 3380-3530 range, which makes it difficult to see a significant rise in the short term, and last night's rebound reflects this.
Overall, the market is more inclined to adjust and fluctuate to repair the gaps on the technical side, especially waiting for the daily moving average to move downward.
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Specific to today's market, the upper pressure focuses on the rebound point near 3250, and this area continues to be bearish. The lower support in the short term is in the 3050-3100 range.
