ETH has entered a typical downtrend channel, leading a large wave of altcoins to bearishness ahead of time. Without a bottoming out, altcoins should not participate. ETH is only suitable for counter-trend short and high-level long-term short. The lowest point of the 2.3 stab is the direction to be explored next.

The current market situation is equivalent to shortening the 2022 bear market and re-enacting it in the next 2-3 months. Be cautious about touching altcoins before a major bottom is formed. This situation will only be broken before the first interest rate cut this year. The receding tsunami is just the ebb and flow of the tide. After the night turns, there will be a new day. Adjust your mindset, leave enough living expenses, and make long-term preparations.