ETH has a perfect daily-level downward trend. If a coin is going to rise, it is on the way up, rather than guessing when it will rise during the decline. Once the trend is formed, it is difficult to reverse. The risk of bottom-fishing against the trend is that there is no certainty. Keep your hands and wait for the opportunity of certainty.

The shape is a perfect falling triangle. If it is a short-selling idea, every rebound to the trend line is an opportunity to short, but it has reached the end of convergence. The main consideration is the subsequent trend of the market. If the market continues to be weak, it will continue to fall with a high probability. It has no independent narrative and is difficult to have the ability to reverse the trend.

In terms of the ETH/BTC exchange rate, it has been weak for more than half a month and has started at 0.046. As long as it runs below 0.05, it is confirmed that it is weak. Don't go long against the trend. Continue to wait for opportunities, wait for Ethereum to increase in volume, and the exchange rate to stand firm at 0.05, and then consider switching the focus to Ethereum.

At the current point, the upper short-term resistance is 3030 3140

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

In terms of operation, the medium and long-term spot can be deployed in batches, and the short-term contract can wait for the breakthrough of 3000 and stabilize before entering the market. It is not advisable to buy the bottom against the trend.