Looking at Ethereum on the daily level, the overall trend is similar to Bitcoin, showing a step-like decline. Although there has been a short-term rebound after hitting the bottom, the rebound momentum is average, and the short-term moving averages above are acting as resistance. If it can't break and hold above 2400, it's likely to experience a pullback after a surge. So, it's not recommended to chase the rebound near 2400—be cautious of getting trapped. #Ethereum $ETH