Memes

As I analyzed on the 22nd, yesterday's $ETH rebound failed to break above the 21-day high of 3555 and once again failed to break through the neckline. Today, it turned downward, continuing to fluctuate between 3015 and 3555.

With the start of the U.S. Christmas holiday, the absence of buying pressure from the U.S. Ethereum ETF has made $ETH's movement weaker. It is likely to break below the 20-day low of 3103 in the coming days, but the probability of it breaking below the 3015 support level is relatively low.

Considering the high correlation between Ethereum and the altcoin market, most altcoins are expected to follow suit and decline, testing their respective 20-day lows.

With ETH's price action likely to break below 3103, it's a good time to consider selling some of your altcoins, especially those with high correlations to ETH.