ETH trend has reached a critical moment

ETH has rebounded to 2587.4, only one step away from the upper edge of resistance area 1, 2595.4. If it can break through resistance area 1, it can continue to rise and hit the lower edge of resistance area 2 again. If ETH cannot break through resistance area 1, it is possible to step back on the bull trend line again and bottom out three times.

ETH/BTC has also rebounded to MA20. If it can break through MA20, it means the end of the downward trend of ETH/BTC since May 27. If it cannot break through MA20, it means that ETH's relative weakness has not ended and it is possible to fall to a new low again.

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