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In the early morning, at the same familiar time, the sudden drop of Bitcoin and Ethereum has once again disrupted the entire pattern. Ethereum's day-long consolidation ultimately fell near the resistance at 4480. Currently, support remains around 4250, showing a trend of oscillating upwards.
Bitcoin is testing the support near 107000 again, with resistance around 110000. This support corresponds to Ethereum's position at 4250, acting like a levee, preventing the market from declining further.
Meanwhile, the performance of the entire altcoin space remains weak. The launch of WLFI reminds people of the launch of TRUMP, which drained a lot of liquidity from the market and took away market momentum. Extra attention is needed: $ETH
