6.18 Ethereum Early Morning Analysis
During the day, Ethereum has been fluctuating upward, reaching an intraday high of 2546. Subsequently, the bulls weakened and it dropped to an intraday low of 2465, not breaking yesterday's support level. In the evening, with the opening of the US stock market, the bulls tried to push it up to 2538 but lacked strength, starting to decline. In the early morning, the Federal Reserve did not cut interest rates, leading to continued fluctuations without breaking the support level.
Strategy
Focus on buying low
Defend around 2480-2500, with stops placed below the support level
