$ETH

A speculation on the subsequent trend of Ethereum:

After breaking the bull market trend line at the beginning of the year, Ethereum has currently rebounded to the position of the bull market trend line and encountered resistance area 1;

I personally believe that the probability of Ethereum breaking through resistance area 1 in the short term is relatively low, and it may first pull back to test the support area before continuing to rise, testing the bull market trend line again, and facing pressure at resistance area 2 (3100-3500);

If the probability of breaking through resistance area 1 is not low, then the possibility of breaking through resistance area 2 is very small, as the trapped positions in this range are heavier;

Overall, I think this wave of Ethereum's market movement is still just a relatively large rebound, and the probability of reaching a new high is very low.