Although Ethereum's recent pullback has followed Bitcoin's weakness, careful observation of trading volume reveals clues.
During the decline, trading volume has clearly shrunk, indicating that the main funds have no intention of large-scale selling.
From a technical perspective, there is strong support around 3500, and it is very likely that it will not break below the low point of July 24. In extreme cases, it may only dip to the midline of the ascending channel before stabilizing.
When Bitcoin completes its A wave adjustment and enters the B wave rebound, Ethereum is likely to become the leading force, and breaking through 4000 points is just a matter of time.
Just a reminder, whether you're trading contracts or holding spot, always invest with spare money. Only funds that truly do not affect your life can help you maintain a good mindset during fluctuations and hold your position steadily while waiting for an explosion.
The market always rewards those who are patient, and pullbacks will become a good opportunity for positioning!!
