The trend of $ETH is really worse, the overall trend can't keep up with Bitcoin at all, it lags behind at every step! The 2000 mark is very dangerous.
Looking at ETH's 4-hour Fibonacci, the first resistance level is around 2340. If it breaks through this level but struggles to rise, it will likely pull back again. The second resistance level is around 2470. If the market suddenly bounces back significantly and breaks through the first resistance level, it will quickly spike up to around 2470, but if it struggles to rise further, it will continue to pull back. However, ETH can sometimes be unstable; since it didn't keep up with BTC's trend earlier, it may suddenly surge to catch up!
The strongest support level below is definitely 2000!!!
2100 is the first support level. If this level can't hold, then 2000 probably won't hold either.
This is the current volatile market, it's really difficult to grasp the correct trend with the up-and-down fluctuations, and with negative news hitting the market, and interest rate cuts not coming, the overall trend is quite worrying! I truly hope there will be positive news to stabilize the market; otherwise, if it keeps crashing like this, my wallet can't take it. Although shorting can also make money, it’s the market's rise that really stabilizes people's mindset. Spot traders are in despair, and new players are no longer entering the market, making liquidity worse and worse, which really indicates a big bear market is coming.