Today, the ETH market quickly rebounded to 3800 points after a pullback, then followed BTC for another pullback. It is worth noting that when BTC pulls back, the downward pressure on ETH significantly increases.

This indicates that ETH may be forming a top, so caution is advised at this time. Once BTC breaks below 116, ETH will also likely follow suit and break below its support level.

Resistance range: 3760-3820 (the boundary line for intraday strength)

Primary support: 3620-3650 (if broken, it confirms weakness)

If BTC breaks below 116 directly to the 113-114 range today, then ETH may directly return to the 3500-3600 range position $ETH #稳定币监管风暴