ETH is about to迎来重大行情! Technical Analysis Depth Interpretation

BTC has recently completed a pullback and is now strongly rebounding, with the main upward trend about to start.

From the perspective of wave theory, the current fifth wave's retracement is extremely limited, with strong buy order support below.

It is important to pay attention to the trend of ETH. As the author previously analyzed, there is a strong resistance level at the monthly line around 2730.

Last week's market perfectly validated this judgment: after ETH's second attempt to rise to 2737, it immediately encountered a waterfall-like decline, fully proving that the 2730-2740 area is the key resistance zone for this month's and this quarter's lines.

It is worth noting that the dense sell order area above the $2700 level, which we previously warned about, has also been confirmed by the market.

During the relatively quiet liquidity period on Saturday, ETH fell below the key support level of 2550 as expected. Yesterday, the market precisely hit our preset take profit level of 2475 (the actual lowest drop was 2472 USD), once again validating the effectiveness of technical analysis.
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