#ETH
《Market Downturn — Current Market Analysis》
This weekend, the entire market is a sea of red, with a pervasive sense of panic. Assets like SOL and BNB have not seen significant declines, and their trends remain strong. The large fluctuations in MEME are somewhat expected in such a market. As trends change, strategies should also adjust accordingly. Pay attention to the key support levels of Bitcoin and Ethereum, making decisions on reducing or increasing positions.
After reaching a historical high, Bitcoin has also seen a decline of a few thousand points. The same thing happened at the start of last year's downtrend. To avoid history repeating itself, we need to monitor whether the key support level near 104,000 can hold. As long as it oscillates above this level, the upward trend remains intact, and there won't be any significant pullbacks. Conversely, if this level is broken, we need to reduce positions in advance to hedge against risks.
Ethereum needs to watch the key support level near 2,440. If it holds, it presents a good entry point, and it also determines whether altcoins will see widespread corrections. As long as Ethereum does not break this level, there is still potential for a trend above 2,900.
This weekend, liquidity is not abundant, and minor fluctuations are insufficient to change the market trend. There isn't much important data next week, so the market will likely stagnate. It’s now a time for everyone to test their patience. I hope you can stay calm and safeguard your finances.