$ETH eth is currently in a position to align with BTC's resonance. In March, BTC was 73880, and ETH was 4098. Now BTC is 77180, while ETH is 3060. According to the resonance theory, ETH should be around 4250 at this time.
Since the 6th, BTC has been in a trend of slight upward fluctuation, with the high-low difference gradually decreasing. ETH is seizing the opportunity during BTC's fluctuations to increase and bridge the resonance gap with BTC. This is what I mentioned in my post yesterday, that we need to be concerned about ETH's performance during BTC's fluctuation phase.
However, based on BTC's trends and cycles, a correction is needed in the early part of this month. The overall BTC trend has reached the end of its reversal correction. Yesterday's high of 76900 was actually within a decline range, but capital once again pushed up, forming a second wave. Yet this fluctuation provides ETH with another opportunity to rise. Therefore, ETH will only fall if it officially declines. Otherwise, ETH will continue to surge alongside BTC's slight upward trend.
So regardless of whether you buy contracts for ETH to go up or down, you must consider BTC's indicators. As for spot ETH, this month it will definitely pursue BTC's resonance position, so breaking 4000 for ETH is a certainty. However, BTC has reached the end of its correction phase, so I personally still suggest waiting for this correction to buy at a lower price, which would be more appropriate.
