#ETH Auntie, this round of market movement is relatively weak compared to Bitcoin, still nearly 100 points short of reaching 3400. The current market situation is shown in Figure 1
After a round of upward movement, it is now in a retracement phase, consolidating within a small range of 3064-3146.
As shown in Figure 1, on a larger scale, it is consolidating between 2780 and 3400. However, the current bullish trendline has not yet been broken. Of course, if the trendline is broken, it would likely occur around the 3018 level. Additionally, there is a small gap between 2999 and 3016. As shown in Figure 2, there is little liquidity above, while ample liquidity exists below. Imagining the scenario: first push up to eliminate liquidity near 3185, then drop to test, eliminate the lower liquidity, and then rebound.