ETH is just a little weaker than BTC and SOL, but from the perspective of technical analysis, it is actually quite regular...
ETH has fallen to the daily support zone No. 1 and has been tested many times. This position has strong support. With BTC having left the bottom oscillation zone, ETH is forced to lead the rise. It is very likely that this is the bottom oscillation zone of this round
Position No. 2 is the downward channel of this round of adjustment. As a relatively weak bottoming technical perspective, it is unlikely to break through the support zone No. 1 at present (q1un Home page)
Position 3 is the trend pressure position at the bottom of this small level. This is the opportunity for an increase. The price breakthrough confirmation here can provide a higher rebound height, thereby testing the resistance area of position 4
Position 4 resistance is the most critical resistance area of this round of falling channel. If the price confirms the breakthrough, it is likely to determine that this wave of adjustment is over and rebound.
But if you wait for the price to break through the resistance of position 4, BTC and SOL will be higher than ETH...
ETH is weak, but it is mainly due to the high probability that ETF cannot pass this fundamental
No one said that the wave of rising market in February was weak, and it also took advantage of the hype expectation of ETF. Its rise is just not yet time!
