Comparing the strong rebound of BTC after hitting a new low, the trend of ETH appears slightly weaker. The price of BTC has rebounded close to the middle of the 4-hour consolidation zone, while ETH is still hovering and oscillating below the consolidation zone, yet to break through the lower boundary. Overall, ETH is currently following the weak trend of BTC. Of course, once ETH breaks through the resistance, it will follow the rhythm of BTC, provided that BTC can maintain its upward oscillation or consolidation.

First, let's look at the daily chart at a higher level. A downward trend has emerged on the daily chart, which can be considered a potential daily level three-buy (i.e., not yet confirmed and subject to significant variables). To confirm the establishment of the three-buy, at least a secondary 4-hour two-buy is needed, which is still running the upward trend on the daily chart and cannot be effectively confirmed. We need to follow the subsequent trend for further development.

Now, let's look at the 4-hour chart. As mentioned at the beginning of the article, the price of ETH is still oscillating near the lower boundary of the consolidation zone and has not yet broken through the resistance. Combined with the successful rise above the zero axis of the MACD, it is believed that there is a high probability of breaking free from the resistance and moving upward.

In summary, the current trend of ETH is still in a state of chaos. The key is to observe the height of the first buy upward trend on the 4-hour chart. If it can successfully break through the high point resistance of the consolidation zone, the probability of a trend reversal will greatly increase. If the upward height is limited and can only reach below the middle of the 4-hour consolidation zone, the trend will be weak, and it will continue to explore the bottom.

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