Ethereum started a violent rise from the support level of 2470 that I analyzed in my previous day's forecast. The current focus is on the resistance level of 2560, but today I only want to trade Bitcoin. Stay tuned for updates. #ETH

Once hailed as the king of public chains, ETH was referred to as the rich man's chain in 2021 due to its exorbitant gas fees and numerous wealth-generating tokens. In 2023, it was replaced by BRC20, and in 2024, by SOL. The tides have turned, and now SOL's meme tokens are emerging one after another, clearly having completely supplanted ETH.

Weak ETH is now even weaker than SOL, with 2550–2560 being its current short-term resistance ceiling. There are only two strategies for dealing with ETH👇:

First: If it pulls back to the extreme support around 2400, observe the support situation, which aligns with the expectations for a low buy. The short-term minor support is around 2470, but we need to see if it can hold when we wake up tomorrow, Monday. If it breaks below 2380, it could drop to zero.

Second: A strong breakthrough of the 2550–2560 ceiling would signal a reversal for ETH; we'll discuss it when the price reaches that point. #ETH