BTC: Currently fluctuating around $103,500. If it stabilizes above $104,795, it may push towards $106,446. If it breaks below $101,606, the next target is $100,000.
ETH: Yesterday rebounded from $2,400 to $2,738 (0.5 Fibonacci level). After breaking through, the target is $3,080. If it holds above $3,000, it may challenge $5,500-$7,000 in the medium to long term.
Correlation: If BTC breaks through $106,446, ETH may accelerate upwards; if BTC falls below $100,000, ETH will face short-term pressure, but $2,400 is a strong support level.
Operation Suggestions: - Buy ETH on a pullback to $2,600-$2,700, with a stop loss below $2,400. If it breaks through $3,080, look for $3,500+. - Pay attention to BTC's support at $101,606; if it breaks through $104,795, consider a short-term long position.
Conclusion: ETH is currently at a stage of breaking key resistance levels. If it successfully stabilizes above **$2,738**, it is expected to challenge **$3,080** in the short term and may continue its strong performance into 2025. Although the range fluctuation of BTC brings uncertainty, if the market sentiment remains optimistic, ETH may still outperform the market. It is recommended to closely monitor BTC's breakthrough situation in the **$100,000-$106,446** range, as well as the changes in ETH's trading volume.
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