At present, Ethereum is the weakest in the mainstream. The contract holding ratio of the entire Ethereum network has declined. The funding rate is still normal and has rebounded. Most people are in a wait-and-see state.

Before, after testing the upper pressure on the 9th and 11th, the downward correction was about 7%. At present, it has come to the more critical support position of 2480-2530. If it effectively falls below, the range of 2410-2280 will be seen below. Otherwise, it will continue to test upward between 2640-2690.

Today, we will focus on the correction of Bitcoin. If Bitcoin can stabilize at 58,000-57,500, then Ethereum may rise accordingly. You can consider continuing to invest in Ethereum.