$ETH had a really strong daily chart close yesterday, after pulling back to 4000, it directly engulfed the previous bearish candle. However, from the H4 perspective, it just tested the bearish order block. If it cannot break through here, it is still bearish. Currently, it has been a day of fluctuations and declines. Personally, I am looking at 4250 first, then 4150. Looking forward to a rebound.
Let's talk about altcoin. The strength and weakness of this wave of altcoins can be referenced from the wave at the end of May and the beginning of June. Don't talk about $pengu, which is manipulated for pump and dump. Generally speaking, those that are relatively strong have mostly plundered that wave of highs. Similar to: $DOGE. $inj $link. etc. Then the weak point is the bearish OB formed at the high. What does this form represent? It has been achieved in the short term. This is also why after I called for profit-taking last week, this week the altcoin basically just sticks to $ETH, due to