After Ethereum accelerated downward with increased volume, it left a significant K-line combination at the expected position. However, the intraday rebound is relatively weak. Funds are flowing more towards Bitcoin.
Once again touching the low point near 2450. However, the rebound is too weak, and there is no obvious bullish framework or new bottom structure in the short term. Further observation is needed.
The current position has once again reached the lower edge of the large upward channel, coupled with weak performance at the small level. For bulls, being stuck in low-level consolidation for too long is not a good thing. If the rebound stands above 2550, bulls will have the momentum to continue testing upwards.
Several positions to pay attention to
Support Position
First Position 2440-2450
Second Position 2400
Third Position 2350
Pressure Position
First Position 2540-2550
Second Position 2580-2600
Third Position 2630-2655
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