The pancake staged a "roller coaster"行情 in the early morning, with prices once soaring to around 110400. This was an excellent opportunity for bulls to capitalize on their victory, but unexpectedly faced strong resistance. After reaching the upper band of the hourly level, prices quickly came under pressure and fell all the way down to 108800.
Although the current trend shows signs of a pullback, it has not yet broken below the upward trend line. The support level at 106000 has become the key dividing line in the battle between bulls and bears, and its breakdown will directly determine the subsequent direction of the trend, which needs to be closely monitored.
The second pancake also staged a high fall行情 yesterday, with prices once touching 2597, demonstrating the bulls' determination to attack, but quickly retreated under strong selling pressure at high levels.
The resistance level at 2580 for the second pancake has become the current focus of the market, and its breakthrough validity will be the core indicator for judging Ethereum's subsequent trend. Once prices successfully stabilize above 2580, it not only means that the bulls have successfully broken through the upper resistance but will also greatly boost market confidence.
Meanwhile, industry news continues to unfold, with factors such as whale operations, policy impacts, and capital flows intertwining, collectively shaping the complex ecology of today's cryptocurrency market.
