ETH is currently stopping its decline at a key weekly support level, with the weekly candlestick closing showing a significant price reaction. The short-term downside potential may be limited.

However, whether the rebound can continue still depends on BTC's performance.

If BTC continues to fluctuate or pull back, it is highly likely that ETH will also struggle to strengthen independently.

It is necessary to continuously pay attention to the movements of Bitcoin as a barometer.