The support of 3400 for Ethereum is very important. We have seen that there have been repeated battles at 3400 recently, but it has not effectively fallen below it. Relative to the market, ETH is actually much stronger than Bitcoin.

Similar good news continues. A giant whale wallet has increased its position in Ethereum during this round of decline. A large amount of Ethereum has been transferred out from Binance. The balance of ETH exchange has reached an 8-year low. The listing of spot ETFs may cause a supply shock. The positive news of Ethereum will drive the entire market, and it is likely to be the next hot sector

The exchange rate broke through 0.055, which is a strong signal. From the technical point of view, we can see that the hourly level is brewing an upward channel. Yesterday, a healthy second wave callback was formed. At the support of 3450-3480 of Huanbo (0.618 position), you can also directly operate long orders here! The third wave is currently accumulating power.

In the short term, it is not ruled out that the market will continue to fluctuate over the weekend. You can patiently wait for the end of the second wave. You can grasp the entry time. The upper three-wave target is 3720-3730, and the five-wave target is 3890-3900