Before the dawn of a new day, Ethereum has dipped over a hundred points, falling from the resistance around 4660. The upward momentum has noticeably weakened compared to last week, but Ethereum is still in an upward channel, and the pullback presents a better buying opportunity.
Currently around 4480 and 4460, there are significant supports, with the support around 4460 being particularly crucial, marking a watershed between bullish and bearish trends. The hourly chart shows signs of turning upwards, and one can consider entering a long position around the current price of 4510, adding to the position near 4480. If it breaks below 4460, one should stop loss.
Bitcoin has also once again stabilized around the support near 112000, with clear signs of a rebound. The resistance has moved to around 115000, and an upward channel is forming.
When both Bitcoin and Ethereum are in a rebound trend, the altcoin performance shouldn't be too poor, and there will be some rebounds to varying degrees. The WIF that everyone was waiting for near 0.88 has currently broken through the resistance near 0.83, and one can add to their position. After adding, set the reduction position around 0.95. At the same time, as the position is heavier after adding, attention should be paid to whether the level of 0.83 can hold; if it breaks below, one needs to reduce the position in advance to avoid risk.
