On January 15, after BTC reached a high of 979, ETH did not break through 3448. Everyone was fantasizing about ETH making up to 3500, and I poured a bucket of cold water on everyone - 'BTC's rebound is over, and ETH's rebound is also likely over, 3448 does not have to be broken.' After that, ETH fell nearly 49%.

On February 5, I indicated that after hitting a low near 1800, a sharp rebound would begin. As of now, ETH has risen by a maximum of 23%. Has the sharp rebound ended? What should we do next?

Figure 2 is the red route map from yesterday; the movement from yesterday to today has almost completely followed the script. Figure 1 is the one-hour chart of ETH, which is the current market situation.

In today's BTC tweet, it was mentioned that if BTC does not break below the 675 line, the likelihood of horizontal consolidation is greater. Correspondingly, for ETH, if it does not break below the 2000 line, the probability of horizontal consolidation will also be higher. However, during a downtrend, it is always weaker than BTC. Therefore, we need to be more cautious with ETH going forward.

The red & blue routes lead to the same conclusion; both indicate that the first wave of rebound starting from 1750 has ended. What is currently running is an adjustment of the same level, and this adjustment will end around two days before Gann time 2.15. The only difference is that the blue pullback is deeper, while the red pullback is shallower. The similarity is that the overall rebound starting from 1750 has not yet ended. After finding the endpoint of the adjustment, there will be another wave of rebound, at the same level as 1750-2152.