Take a look at the ETH trend, it has been oscillating repeatedly within a range, and most people trading contracts would be driven crazy by the back-and-forth.

In the past 10 days, ETH has tested the $2600 level repeatedly, more than eight times, especially in the last three days where it has almost tested it daily. Fortunately, the lows are getting higher, and the pressure to break through is increasingly strong!

The only uncertainty right now is that while BTC has broken through its all-time high, it is not very strong and is still testing repeatedly. This causes ALTs to hesitate and only move back and forth, leading to two possible scenarios:

(1) BTC continues to hold strong, ETH completely breaks out of the range and stabilizes above $2800, aiming for $3000.

(2) BTC fails to hold above $110,000 and experiences a pullback of more than 5%, causing ETH and other ALTs to drop significantly by more than 10%.

How these two scenarios play out should have results in the upcoming week, possibly even this week. What will you choose? Is my position balanced or not?