#ETH
《Trend Changes — Current Market Analysis》
The overall market performance yesterday was exceptionally calm. In light of many news events that could influence market trends, most chose to wait and see, which is quite normal. Most altcoins also did not experience significant declines, as everyone knows the Federal Reserve will lower interest rates in the second half of the year; the more they drop, the more people are willing to buy.
The trend of Bitcoin seems to have entered a corrective phase, breaking through the resistance at around 104700 on the hourly chart. The key resistance above is around 106000. If this position is not broken and the price does not fall below around 101000, there is a high probability that there won't be much volatility, and it will still be a fluctuating market.
Ethereum is similar, approaching the resistance near 2520 on the hourly chart. The key resistance above remains around 2580. Only by breaking through this position can the bulls gain an advantage. Below, there is support around 2450, which is also the low from the last two days' decline; if it tests lower again, support will go down to around 2380.
Overall positions are still maintained at half capacity. The fish head and tail in this market are not typical; preserving more principal will prevent regrets when facing opportunities in the future.
