The weekend market was too weak, ETH surged a bit and then came back. Those with long positions in Ethereum can withdraw or set to break even. The 4-hour chart looks like it wants to form a dead cross, and the daily chart also shows a dead cross. Wait for the weekly chart to retest the 120-week moving average before reassessing, around 2880-2900.

BTC and ETH have retraced to the daily midline as expected after facing pressure on the daily chart and a death cross on the 4-hour chart. BTC is weaker and has directly broken the midline, while ETH has touched the midline at 2980 and rebounded. Currently, we are still focusing on the support at the daily midline. For BTC, we will see if it can stabilize over the weekend, while for ETH, we will observe the strength of the rebound;

ETH has formed a golden cross at the bottom of the 4-hour SKDJ, and after retracing to the daily midline, it has started to rebound. There is a tendency for a one-sided market during the weekend without the US market. I took a small long position near 3020, looking at the support at 2970 below, and first looking at 3170 above;

$ETH
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