Overall, ETH is still in a corrective phase of a downward trend in the short term, and attention is needed on the breakthrough of key support and resistance levels. Market Analysis:

Price Trend: After ETH dropped below $2400 on June 6, it quickly rebounded and is currently fluctuating in the $2400 - $2600 range. The short-term support level is between $2400 and $2450, and if it breaks below, it may drop to $2300; the resistance level is between $2600 and $2700, and if broken, it may initiate a new upward trend.

Capital Flow: Recently, funds flowing into Ethereum ETFs have significantly exceeded those into Bitcoin, with over $630 million flowing in for 11 consecutive days, indicating an increase in market interest in ETH.

Technical Indicators: RSI is approaching 40, and the MACD histogram's negative value is narrowing, showing a weakening of bearish strength and a strengthening of bullish power.

Macroeconomic Impact: U.S. non-farm data exceeded expectations, raising interest rate hike expectations from the Federal Reserve, which pressured cryptocurrencies due to a stronger dollar. Meanwhile, uncertainties in U.S.-China trade and regulatory draft in Europe have intensified market volatility.

Investment Suggestions:

Short-term traders can consider lightly buying near $2400, with a stop-loss at $2350 and a target of $2600; or attempt to short near $2600, with a stop-loss at $2650 and a target of $2450.

Medium to long-term investors should pay attention to the ETH/BTC exchange rate breakthrough signal; if it successfully breaks above 0.02596 BTC, they can increase their holdings of Ethereum and position in related altcoins.

Risk Warning:

Closely monitor the Federal Reserve's monetary policy direction and the impact of non-farm data on market sentiment.

Be cautious of large wallet sell-offs and the high-leverage risks in the derivatives market, controlling positions to avoid liquidation.

Regulatory policies may trigger severe short-term volatility, requiring prudent responses.