Stronger than Bitcoin but not breaking the deadlock, 2480 becomes the short-term lifeline for bulls and bears!
As Sister Sheng mentioned earlier, Ethereum has still not broken through the important resistance level above, but instead followed Bitcoin with a pullback. In the short term, it found support at 2480 and rebounded to around 2600, indicating a stronger performance compared to Bitcoin!
In terms of trends:
Overall, the smaller time frames are performing stronger than Bitcoin, but we still need to pay attention to the upcoming trends. In the short term, continue to watch for support at 2480; if this support level is broken, it could trigger a series of downward movements. For the short term, let's keep an eye on the resistance zone around 2750-2780. If it can break through this high point again, then the position at 2800 will follow suit and break through!
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ETH Analysis: June 3, 2025 Daily Chart
