On the other hand, Ethereum at that time did not show any strength, especially the exchange rate of ETHBTC, which can only be described as terrible. However, several indicators caught my attention.

1. As shown in Figure : First, after ETH fell below the position of 2810, it backtested and confirmed the resistance of this position, that is, the area around 2810 became an effective support and resistance exchange zone. As ETH consolidated, it slowly walked out of a box-like structure, and at the position of 0.618 0.66, the daily level first took a W bottom pattern, and the daily closing line did not effectively fall below. This is also the point where we buy spot.