As mentioned yesterday, if Bitcoin does not fall, Ethereum can continue to rebound. However, if Bitcoin is to fall, Ethereum will also fall with it.
At present, the top pattern has also appeared on the daily chart. After the price briefly passed through the red box area, it was unable to fix above the upper edge of the red box and continued to fall. The first support level is at the 12-hour EMA52, which is now about 2544. The second support level is close to the EMA52 line on the daily chart, which is about 2410. There will be rebounds at both positions, but the strength of the rebound from the EMA52 line on the daily chart will be stronger. This position is also close to the lower edge of the red box.
In the short term, the main strategy still lacks a rebound. The first pressure level of the rebound is 2660, and the second pressure level is near the upper edge of the red box at 2730.
The pressure points of the daily level are 2730-2960-3060, and the support points are 2540-2410-2350-2200-2130.
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