ETH doesn't really require much analysis; mainly, it follows Bitcoin's lead. This recent rally hasn't shown signs of a follow-up move, and performance remains poor. Bitcoin continues to break new highs, but ETH's first high at 2463 hasn't been broken, so it's still showing some weakness.



Including this pullback, Bitcoin dropped slightly, and ETH immediately followed. During the rise, it didn't gain much; during the fall, it didn't fall short. Short-term, refer to BTC analysis. Watch the 2300-2280 area below, which aligns with Bitcoin's support around 80,000. If this holds, there could be a rebound, which can also be seen as a secondary high, expected around 2370.

If the support at 2300-2280 is broken, it will likely drop directly to around 2170.

The current pattern remains in an ascending wedge, which is a bearish formation. So, today's strategy is to wait for a rebound and consider shorting, depending on how the pattern develops!
ETH-3.79%
BTC-2.22%
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