The mid-term peak of $ETH has been reached, and it may start a period of consolidation and decline for several months. ETH has taken the short liquidity from the past few months. After BTC reached a new high, it encountered resistance again at the previous high. To be honest, I don't dare to buy now, and I'm not sure if anyone else does either.

In the short term, 106800 is indeed a short-term support level for ETH at the same time. For ETH to rise further, it must break above 2800 with a strong daily candle before considering going long; otherwise, I will continue to be bearish. There is no need to be bullish on BTC; it is still expected to decline, and I don't dare to go long.