This morning, Bitcoin rose to $107,320, the highest point since the 2.3 high tariff policy. However, Ethereum is not performing as well — the current price is still $2,000 away from its historical high of $109,588, which is quite similar to last year's repeated attempts to break $72,000 but always falling short (previous high $73,700).

In the short term, Bitcoin may reach a new high, but it lacks the fundamental conditions for sustained growth. Looking at Ethereum, the upper resistance level is at $2,700-$2,800, while the lower support levels are divided into two layers: short-term at $2,550-$2,610, and strong support at $2,210-$2,300. From the cost distribution chart over the past five months, the $2,700-$2,800 range has the most holding chips (the darkest color).

Currently, the ETH price is around $2,540. Can it break through $2,700-$2,800? The key depends on two points:

Can Bitcoin hold its high position: If BTC maintains volatility and market sentiment does not worsen, when ETH staking speculation heats up, it may break through and even stand above $3,000 in one go;

If BTC falls concurrently: Even if there are favorable factors, ETH would find it hard to stand alone, likely oscillating in the $2,300-$2,610 range.

In summary, ETH's trend needs to monitor the changes in BTC's sentiment.