After the rebound test of the ETH exchange rate, it continues to turn weak. In the short term, Bitcoin shows strong V recovery, draining a lot of liquidity from altcoins.
After the strong rebound of ETH, it began to oscillate at a high level, with no obvious strong performance in the short term. It is continuously testing around 2480 for a rebound. Although there is no obvious pressure, based on price performance, it cannot sustain moving up to reclaim the key position of 2500 in the short term. Subsequently, bulls will only become increasingly weak.
No suggestion to chase long positions at the current location.
Several positions that need attention
Support position
First position 2380
Second position 2300
Third position 2220
Resistance position
First position 2480-2500
Second position 2550
Third position 2580-2600
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