$ETH breaks through and retraces, key point analysis ETH experiences a slight retracement after a volume breakout, focus on two scenarios:
1. Normal pullback, bullish continuation with 2710 as the key support. If it doesn't break, it is considered a normal pullback. With altcoins rising and the weekend effect, ETH may see a few days of increase.
2. False breakout, retracement risk falls below 2710 and loses 1710, which could constitute a daily false breakout, indicating a larger decline. If it confirms a drop below 2700, ETH is bearish;
$BTC simultaneously falls below 106000, both may result in false breakouts or trigger a deep retracement.
Suggestion
Maintain 2710 for a short-term bullish outlook, be cautious if it breaks below, to prevent retracement risk.
