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The market has reached this point, and no matter how stubborn the bulls are, they have to admit that we are transitioning from a early bull to a deep bear!
Looking at the weekly charts of Bitcoin and ETH, it's clear that a head and shoulders top has formed!
Bitcoin's bottom in April was $74,508, and the current lowest point is $74,604, only $100 apart, just a 0.1% difference.
Correspondingly, ETH's bottom in April was $1,385, with the current bottom at $2,157, which is more similar to the June bottom of $2,111. From this perspective, ETH seems stronger, but it can also be said that ETH hasn't bottomed out yet. Will there be a further dip later?