This morning, ETH pulled back at $ETH , and I personally think it was a false breakout. On the daily chart, the pressure remains; after ETH's volume breakout, it didn't stabilize and started to pull back after a spike!

Currently, the range of 2700-2710 is a watershed. If the pullback breaks this level, it will start to move downwards for a major correction. If it doesn't break, we can consider it a normal retracement, accumulating downward for a significant breakout!

This wave of altcoins, combined with the weekend, will see a period of upward movement. Most altcoins will rise together. Such daily-level false breakouts are often accompanied by larger declines. If it drops back below 2700, we will remain bearish for the next few days!