Let me show everyone $ETH
The trend of $ETH is really worse, the overall trend is lagging behind Bitcoin step by step, it can't keep up at all! The 2000 mark is very dangerous
Looking at ETH's 4-hour Fibonacci, the first resistance level above is around 2340. If it breaks through this level and there is no strength to rise, it will retrace again. The second resistance level is around 2470. If the market suddenly has a big rebound and directly breaks through the first resistance level, it will quickly spike to around 2470, and then if there is no strength to rise, it will continue to retrace. However, ETH can sometimes be unstable, and due to not keeping up with BTC's trend earlier, it can suddenly surge at times!
The strongest support level below is indeed 2000!!!
2100 is the first support level. If this level cannot hold, then 2000 probably won't be able to hold either.
This is the current chaotic market, it's really hard to grasp the correct trend, with fluctuations back and forth, and negative news about conflicts crashing the market. Interest rate cuts are delayed, and the overall trend is worrisome! I really hope for some positive news to stabilize the market a bit, otherwise, if it keeps crashing like this, my wallet can't take it. Although shorting can make a profit, what really stabilizes people's mindset is the rise of the market. Spot traders are in despair, new players are not entering the market, and liquidity is getting worse. If this continues, a big bear market is really coming!