#密码资产动态追踪 Ethereum and Bitcoin correlation becomes prominent, initial signs of a bearish pattern

Looking at last week's market trend, BTCUSDt and ETH showed a very close synchronization, forming a resonant bearish scenario. Traders can base their high short positions on this correlation logic.

Compared to BTC, ETH's recent volatility has narrowed, lacking strong downward momentum overall, mostly oscillating in a correction phase. The key resistance level at 3300 remains solid, making it difficult for a short-term rebound to break through effectively, which confirms the current market dominated by bears.

Specifically, the first target is around 3050, followed by the psychological level at 3000; if it effectively breaks below, it can continue downward. Positioning for a wave, there's no need to rush to cut losses, with the final target at 2940.