ETH Price Analysis (Current Price: 2578)

Ethereum (ETH) surged to 2680 today before retreating, currently priced at 2578, a slight drop of 0.1% from the previous value (2575), showing signs of fatigue from the rebound from the low of 2524! The candlestick chart resembles a "high-altitude dive", with bulls and bears battling between 2680 and 2524, as the market seems to be testing the bottom line. The next wave may either dip further or rebound upwards!

Key Areas:

Upward Resistance: 2680 (Today's High).

Downward Support: 2524 (Today's Low).

Trend Observation:

4-hour: After rising from 2524 to 2680, it has retreated with a slight decrease in volume, indicating a clear wait-and-see attitude from funds.

1-hour: A tug-of-war near 2578, breaking above 2680 or dropping back to 2524 will determine the direction.

Dynamic Analysis:

On June 17, ETH retreated after a surge today, possibly driven by positive news from the Asian market in the early session, with on-chain trading volume rebounding, but the Iran-Israel conflict news continues to weigh on the market (rumors suggest the conflict has not fully subsided). Before the opening of the U.S. stock market, global risk preferences are diverging; if the conflict escalates or economic data is weak, ETH may test 2500 again; if a ceasefire signal is clear and accompanied by positive ETF news, 2600-2700 is still expected.

Trend Speculation:

If it breaks below 2524 or tests 2500, if it stabilizes and breaks above 2680, 2800 is possible! Geopolitical and data-driven, flexibly riding the waves is necessary!