The correlation between Ethereum and Bitcoin is quite high, and there haven't been any major fluctuations recently.
From the four-hour level, the market previously moved down slowly with consecutive bearish candles, and then it shifted from bearish to bullish. $ETH
Although the current rebound doesn't seem significant, it's still a good sign with an upward turning trend, and further increases are expected.
After the V-shaped movement, it's still hovering near the middle track, and any pullback is just a normal trend correction.
Given the current structure, there's a possibility of another high in the four-hour level. It has been consolidating and gathering strength, with the lows slowly rising; now we are just waiting for momentum to open up the upward space. For now, it is still fluctuating.
Currently, the market has mostly declined under negative pressure, and personally, I will look for suitable positions to go long during the day.