$ETH Last night, the old mi CPI data was released, with the May CPI year-on-year at 2.4%, and the core CPI month-on-month at 0.1%. This data has been below market expectations for the fourth consecutive month, undoubtedly giving the market a strong boost. The performance of the cakes has attracted much attention, and after reaching the high of 110,000 yesterday, it encountered resistance and retreated. This trend reflects strong demand for cakes in the market. Although there has been a short-term pullback, the long-term upward trend remains evident. Ethereum also showed its strong side, with the high pulling up to around 2,870. As the overall market rises, related sectors have also seen some increases. However, market fluctuations are always inevitable. After the cakes peaked, the retreat will test the support level at 105,000. If it can hold successfully, the cakes are expected to regain their upward momentum; otherwise, it may trigger further adjustments.
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