Ethereum still has no independent market. Yesterday, the highest reached around 3610.

It failed to reach 3630. The overall trend is weaker than Bitcoin.

It is mainly linked to Bitcoin and fluctuates during the day. It has fallen slightly to around 3540.

If it does not fall below 3500, the overall impact is not great.

Ether is in an awkward situation. If it wants to have an independent market,

there must be a new narrative on the chain. After the Cancun upgrade, the application cost of Ethereum will be greatly reduced.

In theory, it provides a good soil for many project parties. The development of the public chain is the core of pushing the bull market further.

In addition, continue to pay attention to the Ethereum spot ETF. Overall, the medium-term opportunities of Ethereum are relatively large.

The short-term trend is weak, so you can consider buying spot stocks at low prices and hold them in the medium and long term.

In terms of exchange rate, the fluctuation is not large and it is still relatively weak. It is currently running near the key support of 0.050.

The current market trend is not strong enough, and it is mainly oscillating at high levels. If the market goes down, the exchange rate will not have much chance of strengthening. Near Ziqun + Wei: 835407865

In terms of operation, the risk of entering the market on the right side is more controllable. Wait for the exchange rate to rebound before entering the market to go long on the exchange rate.

At the current point,

pay attention to the short-term resistance of 3630 3730 above

pay attention to the short-term support of 3500 3460 below

the overall trend is weak, so don't enter the market easily