Will ETH rise or fall today? Ethereum has rebounded slightly thanks to Bitcoin, but the trend is really weak. It cannot even reach 3,000 points, and it has not even touched the downward trend line. Weakness is always weakness, and we should not imagine strength in weakness.

At present, the combination of the downward trend line and multiple bottoming outs forms a standard downward triangle. If it breaks down to 2,880, it will fall further until it reaches a new demand area, consolidates, and waits for a new narrative to start rising. If it wants to strengthen, the first step is to break through the downward trend line with large volume. 3080-3140 is the current resistance range. Not only are chips gathered, but it is also suppressed by the downward trend line.

In terms of the ETH/BTC exchange rate, as Ethereum's increase is not as good as Bitcoin, it has further weakened and has now reached 0.047. Do not consider operations before strengthening. If it can break through 0.05 in large volume in the future, consider going long on the exchange rate. These few points are not bad, and certainty comes first.

At the current point, the upper short-term resistance is 3080 3140

The lower short-term support is concerned 2880, 2800,

In terms of operation, the current trend is still very weak, just following the rebound of the big cake, and it is not advisable to chase high. Pay attention to whether 3000 points can stabilize in the future, and consider entering the market after stabilization.