In this round of the market, Ethereum has been consistently catching up on the rebound. I've mentioned this several times before, and the current rebound compared to Bitcoin is indeed more aggressive—there's no way around it, given the size of the market.
From a technical perspective, holding above the 3000 level is considered stable. However, the smaller time frame shows some weakness, and a correction or pullback is inevitable. In the short term, around 3050 is a relatively good level to watch, and you can consider entry points based on trading volume and support conditions.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
4
Repost
Share
Comment
0/400
metaverse_hermit
· 01-03 04:53
The 3050 level was broken through a long time ago, it's a bit late to mention it now.
View OriginalReply0
StablecoinArbitrageur
· 01-03 04:52
actually, here's the thing—eth's correlation with btc dominance has been what, 0.87 over the past month? that's the real story nobody's talking about. the "catch-up" narrative is just cope for missing the actual arbitrage window earlier.
Reply0
DegenDreamer
· 01-03 04:45
ETH is working for BTC again. When will this pattern ever change?
View OriginalReply0
AirdropHunter007
· 01-03 04:44
I've already been holding onto 3050; now it's just a matter of whether the volume can support it.
In this round of the market, Ethereum has been consistently catching up on the rebound. I've mentioned this several times before, and the current rebound compared to Bitcoin is indeed more aggressive—there's no way around it, given the size of the market.
From a technical perspective, holding above the 3000 level is considered stable. However, the smaller time frame shows some weakness, and a correction or pullback is inevitable. In the short term, around 3050 is a relatively good level to watch, and you can consider entry points based on trading volume and support conditions.