ETH is mainly linked to the decline of Bitcoin today. It continued to fall from the high point of 3100 in the early morning, and the lowest point during the day was around 2980. It is currently hovering below 3000 points. The overall operation idea at the current position is relatively simple, and risk control is carried out around 3000 points.

At present, the overall sentiment of the market is relatively low, and there is no heat in the major communication communities. The main reason is that there is no new narrative in the currency circle. Without heat, it is impossible to absorb funds further. For Ethereum, the medium-term expectation is the spot ETF, which will pass sooner or later. It is a matter of time. The more stable way for this market is to continue to deploy spot in batches and wait for the market to recover.

In terms of exchange rate, the overall fluctuation today is not large, and it is still running above 0.048, indicating that the current position, whether it is Ethereum itself or the exchange rate, has reached a low level. It only takes a little effort from the main force to have a large increase. In the short term, I personally prefer to wash the market. The main force is also waiting for the opportunity to make the market. This market is ultimately controlled by bulls, absorbing funds in weakness and cashing out in strength.

At the current point, the upper short-term resistance is 3200 3400,

The short-term support below is 3000 2800,

In terms of operation, 3000 points is a very critical position. If it effectively falls below, the support below is far away, and it is not suitable to enter the market in the short term. If it can stabilize at 3000 points, it is more cost-effective to enter the market.