The recent performance of Ethereum has been suppressed by the BTC siphoning effect, showing weak rebound strength. Similar to the broader market, there are clear signs of major funds controlling the market, with frequent anomalies during the early hours, making it harder for retail investors to participate.
Currently, Ethereum faces resistance in the 2990-3020 range. If it cannot stabilize above this level, it may test the support range of 2950-2900. The market may encounter a turning point in the second half of the year, and we need to closely monitor changes in trends.
Trading advice:
Bearish near 2990-3020, targeting 2950-2900, and pay attention to position management.
