#ETH🔥🔥🔥🔥

Daily Analysis——#ETH $ETH

Ethereum continues to underperform; in the logic of the cryptocurrency market rally, the rebound, especially for higher market cap varieties, tends to be less sustainable. However, there are some details to note:

1. On the daily chart, it has already fallen back into the range of oscillation, temporarily supported near the midpoint today. If the closing line shows a small bearish candle with volume, there is still a chance for a rebound. But if it breaks below the daily low of 2445 again, returning to the previous low of 2350 is highly probable.

2. A few days ago, I mentioned the cycle dispersion; from 5, 15, 30 minutes to the 1-hour level, it is gradually turning into a bearish trend. To stop the decline, the 4-hour chart needs to stay above 2570, so this point can serve as the boundary for short-term long and short positions.