According to the exchange rate of Ethereum to Bitcoin, it is currently in a period of adjustment and oscillation during the first phase of bottoming out and rising, which happens to be the suppression zone of the daily Las Vegas channel. Correspondingly, the position of 2800 for USDT trading is almost the resistance zone. The difference is that the USDT trading pair has already stood above the daily Las Vegas channel, and the short-term range of 2300-2400 is a relatively strong oscillation support zone. According to the chart 📊 Look at ETH This time, the difference from before is that the USDT trading against this round of downward trend, based on the December high of $4000 in 24 years, indicates that the large cycle OBV volume has already broken through the downward trend strongly, which means it is highly likely to accumulate strength and brew a new round of upward trend. Looking at the ETH/BTC cycle, the continuous rise in the market value of Ethereum since July 24 has gradually eroded the market value of Ethereum, leading to a continuous decline in the exchange rate. Currently, the rebound of Ethereum's exchange rate indicator has broken through from the oscillation and decline, forming a new turning point. However, the reaction time will be relatively slower. Therefore, overall, we are at the end of an old downward trend and the starting point of a new upward trend. The downward space is relatively limited, and the upward space is relatively limited. After a year long washout, the market value of Ethereum has fallen out, but the start-up timeline for the knockoff will be longer. The main follow-up depends on the breakthrough of the Ethereum exchange rate and the price stabilizing at 2800 before it can be considered a definite opportunity.