Bitcoin's recent performance has indeed been underwhelming, while Ethereum surprisingly stole the spotlight.

First, regarding BTC, holding the 89,300 level today is considered decent. But the problem is that the 90,300 hurdle has yet to be broken; only if it breaks above that can there be further upward movement, otherwise it might dip again at any time.

Ethereum is even more unpredictable. The dip early yesterday was extremely smooth, wiping out the unrealized gains of a whale at address 1011—that's over 10 million USD in unrealized profit previously. But this whale has a big-picture mindset and is now fully committed with a 450 million USD ETH long position, showing great confidence. The only question is whether it will be hunted in a reverse trap.

From a technical perspective, ETH has several key levels: the support at the whale’s cost basis of 3,177; if broken, then watch 3,140; if that breaks, then 3,070; the final line of defense is the lower boundary of the parallel channel at 3,033. On the upside, the 3,215 rebound high has not been broken yet; if it is surpassed, focus on 3,250, where resistance is quite strong.

As for altcoins, LIGHT has recently rebounded quite sharply. Around 1.35-1.36 could be considered for observation, but this coin is highly volatile—don't fight it aggressively.