This year's market is indeed full of challenges, especially the trend of Ethereum appears to be relatively weak. Although Bitcoin has performed strongly recently, Ethereum is still hovering around 2,000. However, from a technical point of view, Ethereum has broken through the MA60 moving average and gradually formed a bottom structure. At the same time, the MACD indicator shows signs of gradually breaking through the zero axis. Once it stands firmly on the zero axis, it may usher in a rebound in the future.
At present, the short-term resistance level of Ethereum is around 2,800. If it can break through this position, it will have the opportunity to continue to attack; and the lower 2,550 is a more critical support level. If it pulls back to around 2,550 in the short term, it may be a good opportunity to buy the bottom. After all, the pace of the currency circle is very fast. If you miss this wave, it may be difficult to find a better time to get on the train.
Everyone should still pay attention to risk control when operating. After all, the current market environment is relatively complex, and emotions and market news may have a huge impact on the trend
