#ETH Let's discuss the boundaries of Ethereum's decline and the possibility of an increase.

Today, Bitcoin reached an important support boundary near 109000, which is the position where the first upward breakthrough above 100000 terminated. Will this downward probe also terminate here?

In a recent comment, I noticed a similar position, but there was not enough vigilance regarding the influence of Ethereum and other altcoins.

Ethereum's last drop touched 4060, and today it has fallen to a position that has pierced through the previous level of resistance, reaching a lower support level. The rebound at this support level is quite strong, and combined with the possible support from Bitcoin, there is a chance for a bottoming out and turning upwards.

If Ethereum breaks down further, it could possibly be near 4080 for a double bottom test. $ETH