$BTC $ETH

The current exchange rate of Ethereum is 0.36, with a recent extreme close to 0.38.

In the current downtrend channel, Ethereum is showing strength.

This cannot be seen as a rebound from the previous low,

because Ethereum is a very volatile coin.

Before a decline, it will squeeze shorts three to five times.

Before an increase, it can follow the drop without rising for a few months.

In the current situation, we should consider less about its rebound and more about whether this guy is trying to trap me again.

The basic pattern of Ethereum's rebound is a continuous 15-minute horizontal doji,

then a false break of support, followed by a sudden small bullish candle.

The next 15 minutes will start the rebound.

This occurs when Bitcoin is in a horizontal slow rising process and it weakens,

which means the trend is upward for this to happen.

I explain things in a more straightforward way,

because I have been observing this guy for a long time.

Currently, trading Ethereum is easier for short-term fluctuations,

but making big profits is difficult as it will repeatedly squeeze you.

To summarize, trading Ethereum is not as good as trading Bitcoin and Solana.