The market has three phases: rebound, consolidation, and correction. Last week, the market saw a comprehensive rebound with six consecutive green daily candles. We didn't chase the rise but waited for the desired correction. In recent days, the market seems to be consolidating and forming a bottom. Both Bitcoin and Ethereum are above key support levels, increasing the likelihood of a bullish trend ahead.
Bitcoin's support remains near the 90,000 level. The early morning drop today further reinforced the strength of this support. This week, Bitcoin may break above the previous high near 95,000, which is a crucial hurdle for Bitcoin to surpass 100,000 this year. A sustained breakout will mark a new high.
Ethereum's support is still around 3,050. After the recent correction, it has turned upward again, with resistance near the previous high of 3,320. The recent dips were quickly recovered, showing strong rebound strength. Currently, hold onto our Ethereum at 3,050 and Bitcoin at 89,200, waiting for the next wave of market movement.
In recent days, the hype in altcoins has been somewhat diverted to the BSC chain. That's how this ecosystem works—funds follow the heat. Chasing hot money is a high-risk move. Don't rush; once a major pullback occurs, funds will flow back into altcoins. Besides long-held fan tokens, AI presents significant opportunities. Tokens like TAO, FET, and WLD, which we are already holding, are currently in an uptrend and worth watching.
#ETH走势分析
