ETH breaks below the parallel channel, 2380 key support determines the direction!
Ethereum has directly broken through this parallel channel, moving too forcefully. This wave of lows has dropped near 2380, which is also a nearby support level, and currently, it has touched support and rebounded, now operating around 2450!
In terms of movement:
Ethereum still has not managed to show independent trends; it may be slightly stronger when Bitcoin is consolidating, but there is no proactive rally. This leads to Ethereum dropping immediately like a flood once Bitcoin declines. For now, let's still judge it based on Bitcoin's movement, with lower support at 2380 and rebound pressure around 2520!
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ETH Opinion Analysis: June 6, 2025 Daily Chart
