The previous analysis covered BTC's 4-hour, daily, and weekly charts; now let's talk about ETH;
After going through a round of independent bullish setup, ETH has started to weaken, and its exchange rate against BTC has also broken down. BTC's 5-wave pullback and the 2-wave pullback on the weekly chart are both in the final phase of trend reversal, starting to strengthen first;
ETH's daily chart has only completed a 3-wave decline, while the third candlestick of the weekly pullback wave has not yet appeared. It is necessary to break this week's low to complete the trend next week, so ETH will need to make a new low before going back up; synchronizing to the 4-hour chart, if it rebounds, it will experience another 5-wave decline thereafter. The upper pressure is around 2550, while the lower support is at 2440 and 2375. The low point next week may reach around 2300;
In the short term, observe the rebound after the 4-hour SKDJ golden cross, paying attention to the upper pressure, then watch for a pullback situation and whether a new low can be achieved next week after the weekly close, and how deep the new low might go;
