After I pointed out the risks of Ethereum yesterday, Ethereum also experienced a significant drop, and the trading volume during the decline was quite large, indicating strong selling pressure.

This is a relatively negative signal, meaning that the probability of Ethereum breaking through the June 11 high again in the short term is relatively small.

Next, we need to pay attention to whether Ethereum will break below the short-term support level. Once it effectively breaks below the short-term support level, it may drop to the lower support area.