Today$ETH Market Analysis


Affected by news factors, causing a sharp decline, followed by a rebound. After reaching around 2050, it pulled back. However, due to uncertainties in geopolitical conflicts, it is safer to go short after encountering resistance at the high point.
Key Support and Resistance
Strong Resistance: 2050 - 2100
Strong Support: 1980 - 1930
Open Position: 2050-80 with resistance, try shorting; stop loss: above 2100
Target: 1980-1930
Logic: Previous rebound high point, encountering resistance makes a pullback likely

Macro News: Escalation of geopolitical conflicts has triggered global risk aversion, with funds withdrawing from risk assets. Bitcoin and Ethereum are the most affected; combined with Federal Reserve officials reiterating the need to maintain high interest rates for longer, delaying rate cut expectations further, Bitcoin ETF fund inflows have slowed, with multiple bearish factors resonating.

Technical Analysis: Around 2050 is the previous consolidation platform and also the high point area of the prior rebound. Resistance here will further confirm a downward trend. The strong resistance remains at the 2100 integer level, with a very low probability of short-term breakthrough. Support below is at 1930, which is the midpoint of the previous consolidation.
ETH-3,09%
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