$BTC Ethereum

You can see the important notes I mentioned in previous analyses on the chart.

As a result of the price not being able to rise above the green box, it has moved towards the current support area of around $2,300, showing a 7% reaction at the initial stage. However, Ethereum, which still has not reached sufficient buying pressure, has returned to the same support area and has currently shown a 2.5% reaction; however, it is worth noting that the danger continues until the green boxed area ($2,900) is reclaimed.

After reclaiming the $2,900 area, the possibility of the price testing the range of $3,200-3,050 in the blue boxed area can be evaluated. As long as corrections from these areas do not violate the previous swing lows (the lowest points of swing movements), I believe that future resistances could be around $3,600 and $3,800.

While reminding that the area labeled Accumulation Zone is a strong support zone, it is always beneficial to keep in mind that the loss of this area could have catastrophic effects. If such a situation occurs, I anticipate that the initial discount price area will be around $1,720 and subsequently around $1,600.