The condition of ETH is similar to BTC, both quickly fell back after reaching a spike. 2500 is the 4-hour support, and after hitting the support, it rebounded. Currently, it is maintaining above the 4-hour support. In the short term, as long as it does not fall below the price of 2480, the lower chart is still applicable.

The market is consolidating and digesting its existing volume. Whether it goes up or down depends on the choice made. Personally, I still lean towards an upward trend. If ETHBTC continues to drop, there will truly be no bottom, and we might even see ETH starting with 1, like #BTC☀ #ETH🔥🔥🔥🔥 $BTC $ETH .