Today we will analyze the exchange rate of ETH to BTC. As we said in previous articles, the increase of ETH has always been lower than the overall market, and it is even more far from the expected target. Although the two increases have made people feel a little relieved, it is still far from the expected target. The exchange rate of ETH briefly fell below 0.05 and then quickly recovered. The vertical line in the figure below is the Fibonacci time window drawn from the low point of the exchange rate on January 9. It can be seen that basically every vertical line represents a reversal of the market.

The closest time window is April 7, when the exchange rate returned to above 0.05. Judging from the trend, ETH has bottomed out again. It is expected that the exchange rate will soon challenge the downward trend line and the previous horizontal resistance line again.

As the saying goes, things never happen more than three times. This time, I believe that we can rush through it in one go. Judging from the trend of ETH itself, it has also broken through a horizontal resistance level. There is reason to be optimistic about continuing to rise and challenge the previous high of 4100. Let's take a look at the overall open interest of the contract. Although the overall open interest of the entire market is rising, there are some differences in the actual content. It is basically dominated by the volume of Binance and OK. The increase of CME is very small. This is a hidden danger. We must continue to pay attention to it in the future. If the volume does not increase, we must always be vigilant even if the price goes up! #大盘走势 #ETH🔥🔥🔥