No matter when, visiting Ethereum is always the right choice. Accompanied by a significant drop in Bitcoin, Ethereum continues to weaken in sync with the market. The ETH/BTC currency pair is still oscillating around its cycle low of 0.02, showing no signs of a bottoming rebound. In terms of price, ETH briefly dipped to $1,400 yesterday, followed by a slight rebound, but the upward momentum remains limited, with strong resistance above. However, recent liquidations of on-chain whales may lay the groundwork for a potential strong rebound for Ethereum. With only one month left until the Ethereum Prague upgrade, any improvement in the macro environment during this period could provide a significant rebound opportunity for ETH.

From a technical perspective, Ethereum's daily MACD also shows a bullish divergence (bottoming signal), but the DIF and DEA lines have turned downward, forming a death cross. At the same time, the KDJ line is converging into a potential golden cross, indicating fierce competition between bulls and bears. #ETH