On February 2nd, the lowest was 2219, forming a short-term double bottom with the Saturday low. After the panic sentiment is released, a technical rebound is likely to be triggered. In terms of support levels, 2200-2230 is a double bottom + psychological barrier, serving as a short-term bullish defense line. Holding this level increases the probability of a rebound. If Bitcoin stabilizes and rebounds around 75,000-75,500, Ethereum may follow suit and recover, with room for a rally.
Ethereum: Pullback to around 2310-2300 looks promising, target around 2400-2500. $ETH #加密市场回调 $BTC #加密市场回调
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$ETH Open breakfast reference:
On February 2nd, the lowest was 2219, forming a short-term double bottom with the Saturday low. After the panic sentiment is released, a technical rebound is likely to be triggered.
In terms of support levels, 2200-2230 is a double bottom + psychological barrier, serving as a short-term bullish defense line. Holding this level increases the probability of a rebound.
If Bitcoin stabilizes and rebounds around 75,000-75,500, Ethereum may follow suit and recover, with room for a rally.
Ethereum: Pullback to around 2310-2300 looks promising, target around 2400-2500.
$ETH #加密市场回调
$BTC #加密市场回调