$ETH eth Why is the price surge so intense? For a detailed analysis of the primary and secondary market conditions.

🥱 How to hold onto ETH is my biggest concern every day when I wake up. The market won't keep rising, nor will it keep falling. The market has been very good for the past three days, and I've only slept 5 hours for two days. I've been closely watching on-chain and secondary prices.

💂 Brothers of the e-guard, the big move is really coming.

1️⃣ Recharge your faith: On-chain TVL analysis (About the first chart of Eth)

🔸 The on-chain data here is sourced from DefiLama.

🔸 The chart shows that ETH's on-chain TVL continues to grow, indicating increased demand for ETH in the DeFi ecosystem, especially prominent at the high price of $4100.

🔸 The growth in on-chain data indicates enhanced market confidence, and the application value of ETH in DeFi is further recognized.

2️⃣ Secondary market price analysis (Artist's long-term analysis of ETH on June 5)

Original link: https://x.com/CryptoPainter_X/status/1920803539145666656

From the artist's analysis, ETH is currently in a critical phase of trend reversal. Here are the key points:

🔹 Short-term trend: ETH may have already hit the bottom (around $1388), and it is unlikely to see new lows in the short term.

🔹 Medium to long-term trend: If ETH can break through the resistance level of $2150, it may enter a bullish trend, initiating a new round of price increase.

🔹 Market structure: ETH needs to form a broad range of bottom oscillation, which will lay the foundation for sustained strength in the second half of the year.

⚠️ This analysis is a personal opinion to recharge faith and does not represent any investment advice.

⚠️ Please make independent judgments.