If you are long, you will prefer ETH for several reasons. First, the ETF is now confirmed to be launched on July 23, so there will definitely be an independent rebound during this period.

The source of selling pressure is also BTC. In contrast, ETH has fallen much less. After the German government completed the liquidation on July 13, BTC rebounded by 14% in three days, and ETH rebounded by 15%.

Technically, it is also stronger than BTC, with large volume and short-term V-reversal. In a strong unilateral trend, a pullback represents a trading opportunity. In the short term, pay attention to the two support levels of 3300-3200 and arrange spot in batches.

#ETH