😑 Current reasons why ETH is stubbornly holding and not dropping:

1️⃣ BTC has broken key support but ETH is slow to react

BTC has touched a low around 104870, breaking short-term support;

ETH, however, is stubbornly holding in the 2595~2600 range, and the main players are not dumping ETH simultaneously, which is clearly a sign of market control and rhythm management.

2️⃣ The main players of ETH have not fully offloaded, showing signs of market control

The intraday volume is relatively low, but each drop is quickly rebounded (such as near 2593);

A typical rhythm of "selling while dropping", taking advantage of the time difference in BTC's downward movement.

3️⃣ Investor sentiment is cautious and observing

There are no significant negative news in the market;

Bears are reluctant to increase their positions heavily, and bulls are also hesitant to chase the price up.

Once the main players have lured in buyers and offloaded their positions, ETH will likely face a sharp decline.