Locked in the bottom range for BTC this month. Now let's take a look at ETH:

ETH is currently in the 10-15 day adjustment phase of the monthly adjustment cycle (of course, the 45-day level has just formed a death cross, which indicates a bearish trend for at least the next 3 months), the correction at the 10-day level has not yet completed, and the MACD is about to reach zero. When the fast line touches the zero axis, there will be an accelerated decline. Its EMA7, 30, and 52 have all been breached, so support only looks at the lower Bollinger Band, with a price of 2228.

The trend of the 15-day line is 4 bearish candles followed by 1 bullish candle, indicating a significant downward trend, but the MACD is still some distance from the zero axis. Its lower band is below 2000, and the current price is close to the EMA52 (2950), making this level of support ineffective.

The death cross at the 20-day level formed not long ago, resulting in 5 consecutive bearish candles, and is currently just operating slightly below the middle Bollinger Band, still far from the lower band. The only support at this level is the EMA52 (2752). If it breaks below, the low point should refer to the lowest point of this year at 2112. Reaching 2112 would create an equidistant correction, ending the right-side adjustment. (As shown in Figure 3)

Although the monthly Bollinger Band middle line has been broken, it is still far from the lower band at 1620, making this support ineffective as well. Only the EMA52 (2508) is a valid support point.

The support at the 45-day level is the EMA30 (2674).

Thus, the lowest point for bottom-fishing this month is locked in at 2222-2112 (stage bottom). The range of 2752-2680 also has some support. In the absence of significant negative stimuli, when a large needle forms, 2752 and 2680 are the bottom-fishing points for the short term.