ETH is currently in a rather awkward situation. The overall performance is that it has been abandoned by the main force. The increase is smaller than that of Bitcoin, and the decrease is greater than that of Bitcoin. It is a state of following the decline but not the increase, which is very similar to the trend of the copycat. Yesterday's rebound high was around 3440, and all the gains were directly stepped back during the day. It is currently running near the support of 3200. The overall trend is very weak. You can arrange spot in the medium and long term, and it is not recommended to enter the market in the short term.

The embarrassing situation of Ethereum is still due to the lack of new stories. It will take another month to know whether the spot ETF can pass. There are also new projects on the chain, but there is no out-of-circle development, such as the former Defi and NFT. However, Ethereum is the cornerstone of the entire blockchain and represents the development of blockchain technology. It can still be expected in the medium and long term.

In terms of exchange rate, as Ethereum follows the decline but not the increase, it has fallen below 0.05, and the lowest reached 0.048 before it began to rebound, indicating that the intraday oversold Bitcoin is up to 4%, and the key support of 0.05 has been broken. There is not much room for operation in terms of exchange rate. Only by re-stabilizing 0.05 Only consider going long on the exchange rate, and the layout can only be spot

At the current point, the upper short-term resistance continues to focus on 3400 3530, and the lower support focuses on 3200 and 3000

In terms of operation, the trend is very weak. For short-term, you must choose the trend and strength. The goal is to make a profit as soon as you enter the market. In the current weak market, the layout is mainly spot; in terms of trend, pay attention to the support effect of 3200. If it can continue to fluctuate above 3250, you can try to layout long orders