ETH reached a high of around 3030 during the day, and then fell in tandem with BTC. Since the main selling pressure in the market came from BTC, ETH's decline was smaller than BTC, reaching a low of 2817. We mentioned in yesterday's analysis that if 3000 cannot be supported, further support will be at 2800, and 2800 has been verified.

Today, the situation of the cottage industry not following the decline is particularly obvious. Bitcoin is 2% more than Ethereum. Some cottage industries directly pulled up the market against the trend to the top of the list of gains, such as OP. In addition, TIA also performed particularly tough, indicating that the main force of the cottage industry no longer wants to harvest downwards. Retail investors have almost handed over the cottage chips. If the main force wants to make money, it will also have to pull up the shipment in the future. In this kind of falling market, you can choose a strong currency to complete the layout.

In terms of exchange rate, it did not fall but rose, which is related to the oversold of Ethereum yesterday. In addition, there began to be a large amount of demand below 3000 points. If someone sells, someone buys. If you sell at this point, the only one who takes over can be the main force, and your chips will be harvested. The current exchange rate has re-established above 0.05. We will continue to pay attention to whether Ethereum can once again develop an independent market.

In terms of position, the support below 2800 is effective, and the short-term resistance above is 3000 and 3200.

In terms of operation, the counter-trend market layout is mainly spot. The support below the contract has been verified. If it stabilizes at 2900, you can try to go long. Risk control below 2800