Recently, everyone should pay attention to the risk of pullbacks in the market. Bitcoin has been pushed back twice after breaking through to around 74000. With the changes in trend, the bottom is gradually lowering. The previously mentioned level of 76000 is now difficult to reach.
Currently, Bitcoin's performance is stronger than that of Ethereum, but it is also in a pullback channel. Around 73500 is a significant resistance level, and the support near 71000 is also precarious. The trend for next week is expected to be not very good, so caution is needed.
Ethereum is sluggish around the support level of 2100, and the performance is not ideal. The strong resistance above is near 2230. Recently, the probability of Ethereum falling below 2000 is still relatively high.
Currently, there are still very few opportunities in altcoins. In this situation, it is best to adopt a watchful stance and avoid excessive action. There is no need to take risks, as there is still at least one opportunity for doubling this year. Hold onto more bullets and wait for more certain opportunities.
#ETH trend analysis