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Ethereum (ETH) has reached a low point around 1930, which is also our short-term target.
This is the first bottoming target.
Currently, the rebound is relatively weak; this is only the first touch and rebound, and it has not yet fully stabilized.
Within the day, there is some selling pressure around 2040-2060.
Meanwhile, Bitcoin (BTC) is also at its lowest point, with a rebound around 65k, showing oscillations up and down.
The bottom has not yet stabilized, so further observation is needed!
Short-term, there will be oscillations and shakeouts!
If support holds, a rebound may begin!
If it breaks below, it will trigger the final target of the five-wave pattern!#ETH