Last night, the dynamic reminder indicated a pressure level at 3150. This morning, the pressure level was reaffirmed. After the market rose to 3149, it faced resistance and pulled back. Currently, it needs to stay above 3100 points to barely confirm a consolidation and fluctuation.

Ethereum's four-hour timeframe shows a clear downtrend, but it remains relatively stronger than Bitcoin. Pay attention to the 3150 resistance level, which has experienced two four-hour support and resistance reversals. The consolidation has lasted a long time, and there are many trapped positions. Support below is at 3020, which is also a previous consolidation pivot. The risk-reward ratio for going long is relatively high. Currently, the price is at the upper band of the downtrend, and sellers are strong. To go long, the market needs to stabilize around 3150 and continue sideways consolidation. Ethereum also remains bearish; prioritize shorting Bitcoin#加密市场反弹