ETH Market Analysis
Last night, ETH initially dropped on the four-hour level before showing an upper shadow and ultimately returned to the starting point, after which the fluctuations became relatively calm.
Currently, ETH's overall trend is weak, and there is no clear direction on the daily level.
In the four-hour level's oscillating pattern, if BTC can successfully break through 86,000 points, ETH is expected to follow suit and challenge the resistance level in the 1650 - 1680 range.
The key support level to focus on during the day is around 1560. If the four-hour level trend weakens and breaks below this support, further attention should be paid to the daily level range of 1500 - 1530 to observe potential rebound opportunities.
Due to the weak performance of ETH, today's market primarily focuses on the influence of BTC. If ETH can suddenly surge in volume, the upper range of 1720 - 1760 will become a critical resistance area.
