The large-scale structure of Ethereum (ETH) showed signs of destruction. The top center broke down after nine upgrades, opening a monthly decline, indicating that it may have entered a bear market structure.
Current technical analysis shows that ETH's first support level is $2,110 and the second support level is $1,550.
In this market situation, it is necessary to guard against drastic market fluctuations, because the real buying point usually appears when there is a large-scale divergence.
The current market trend shows "successful, bad and empty", that is, the market has entered a stage of continuous decline, and there is no obvious divergence signal indicating that it is about to bottom out.
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It is necessary to pay attention to the continuous changes in the market to find a suitable buying opportunity.
