Ethereum ETH touches the lowest point around 1930

This is also our short-term target value
First target for bottoming out
Currently the rebound is relatively weak; this is only the first touch and rebound, not yet fully stabilized. There is some selling pressure around 2040-2060 intraday.
Simultaneously, Bitcoin is also at its lowest point, with a rebound around 65k, bouncing up and down. The bottom has not yet stabilized, which requires further observation.
Short-term oscillation and shakeout! If support holds, a rebound will begin! If broken, the final wave five target will be triggered!

This Friday’s key focus is on the Non-Farm Payrolls (NFP)
G7 countries will hold another meeting on Monday
Discussing the release of oil reserves. There was a previous release, and this time they are likely evaluating the effectiveness of that release and planning future releases. When the last release news came out, oil prices plunged sharply, and the market rebounded strongly! So this meeting is highly anticipated!
On Wednesday evening, the small Non-Farm Payrolls data will be released. Last month’s data was good at 63,000, while this month’s forecast is 45,000, which is relatively neutral.
On Friday evening, the big Non-Farm Payrolls report will be released. Last month’s NFP was quite poor at -92,000.
This time, the forecast is optimistic at 54,000. With inflation heating up, the market can only rely on poor employment data to reduce the likelihood of rate hikes. I’ve mentioned before that the chances of rate hikes this year are very low, but that doesn’t mean they won’t manipulate the market with this news!