#ETH

ETH Market Analysis:

Regarding Ethereum, the current market does not support an independent trend. The smaller timeframe is operating within a parallel channel at a high level, and yesterday's rebound faced resistance near the central line. We'll see if it continues to decline!

At the same time, the high-level parallel channel of Ethereum is also something that needs to be closely monitored. Once this channel is effectively broken, the market may experience a wave of panic selling, especially paying attention to the previous low points during the pullback. A further drop below these points will accelerate the decline!