ETH Market Analysis Ethereum (ETH) Investors Please Note:
Although it has recently followed Bitcoin's rise, Ethereum's overall performance appears somewhat weak.
The previous rebound high of $1688 has consistently failed to break through, and subsequent rebound highs are continuously declining, which is a signal worth noting.
From a technical perspective, although the smaller time frame charts show an upward trend, the key resistance levels have not been breached, and the downward trend in highs is evident.
Once Bitcoin experiences a pullback, it is expected that Ethereum's decline will exceed that of BTC.
Key levels to watch: watch for strong resistance near $1688 above, and the support range is between $1580-1560 below, which is crucial for maintaining a short-term bullish stance.
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