ETH daily line 2420 defense line is not stable! Stay in cash, looking down to the abyss at 2200!
Continuing from the previous view on Ethereum, there are signs of temporary sideways movement indicating a stop in decline, but there are still no complete signs of a halt or reversal! Although it has not broken through the current channel, there is still a risk of continued decline!
In terms of price movement:
Next, pay attention to the support level of 2420-2450. If it breaks down here again in the short term, a significant pullback is likely to occur, so this is quite critical. If you brothers currently have no positions, it is recommended to stay in cash and observe, waiting for an opportunity to enter the market, waiting for Brother Sheng to drop the cup as a signal to charge!
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ETH analysis: June 13, 2025 daily chart
