There is indeed a gap between Ethereum and Bitcoin; they are not in the same competitive arena. Nevertheless, Ethereum's recent performance has attracted quite a bit of attention and deserves separate commentary.
From a technical analysis perspective, Ethereum has recorded several consecutive days of long bullish candles, and today it surged strongly to 2957 in the early session, with the intraday low maintaining at a relatively high level of 2887. In light of Ethereum's trend, investors need not rush to make trading decisions. Historically, Bitcoin often experiences significant volatility first, while Ethereum typically follows with a round of explosive growth.
Looking ahead to the evening market, Ethereum is likely to launch another challenge, with a high probability of breaking through 3000. However, investors should closely monitor the resistance area between 3020 and 3050. If Ethereum fails to break through effectively, this area may trigger a pullback first. The potential support area for the pullback may be between 2850 and 2750 points.
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