A long time ago, the judgment on the ETH/BTC exchange rate trend was that it would drop to two support zones.

Now, it has even reached the second support zone…

So, we really shouldn't be overly pessimistic about Ethereum here.

From a purely technical perspective, the exchange rate has dropped to this position, which actually indicates a demand for a rebound.

But…

I don't know whether Ethereum is stronger in an upward trend of the crypto market or more resilient in a downward trend…

Theoretically, when the ETH/BTC exchange rate rises, it often indicates that Ethereum is stronger in an upward trend, and altcoins have more opportunities…

However, there aren't any significant positive fundamentals for Ethereum, right?

A rebound from an oversold condition shouldn't lead to a substantial demand for a rebound…

But, it has been a full two and a half years since the beginning of 2023 that it has been dropping.

Who still dares to say "the altcoin season will come"?

You might just break your legs saying that!

Regarding the trend of Ethereum, it is indeed hard to understand and see through…

Is it possible that Bitcoin oscillates between 70,000 and 110,000, while Ethereum makes a big comeback trend reversal, starting to surge and create new historical highs? Directly going to 8,000 or 10,000 dollars or something?

I heard that the E Guardians seem to have revived…

However, I prefer to be a guardian for whoever is doing well～

Adults don't make choices; interests come first 😉

ETH, rise up!

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