Why is this may be the last round of downward movement? First of all, the recent trend of ETH can be clearly seen. After testing the 2000 mark in the last round, the downward trend did not excessively follow BTC, thanks to the strong support given by the monthly chart. Secondly, BTC is approaching the 2/3 daily chart support simultaneously. After filling the gap, the structure also completes the construction of the head and shoulders pattern on this round of daily candlestick, which indicates a new round of adjustment in the future. Lastly, the macro narrative of this round of downward movement is also coming to an end. Our bearish view on the main theme of T1 quarter is also perfectly confirmed. Therefore, there is no need to focus excessively on the current situation.

ETH-0,64%

BTC-0,69%

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