Recently, the ETH market has been frequently showing spikes, and the resistance level at 2520 has been challenged multiple times without success. Yesterday, it first retraced to the support area of 2400-2450 before rebounding, but was again pressured and fell back.

Today, the daily line briefly tested the area near 2520 before quickly retracing, indicating that this resistance remains strong.

If BTC breaks below the critical level of 106000, ETH is likely to quickly breach the support at 2400, dropping to the range of 2200-2300. Intraday, one can pay attention to the small-level support near 2400.