Friends in the crypto circle, have you been hearing people around you complaining that the returns aren't strong? The market feels like a stagnant pond, with fluctuations so small that it's hard to get excited. Don't panic! In the current crypto market, the real game-changer lies in the Middle Eastern situation, far away.
The Israel-Palestine conflict has now become a global focus, and the direction of this turmoil directly affects the K-line movements of cryptocurrencies. If the U.S. and the U.K. really intervene militarily, Russia, the fighting nation, will certainly not sit idly by. Once the conflict escalates, those behind the scenes will definitely take the opportunity to stir up chaos, leading to a thorough market washout.
Let's shift our focus to Ethereum, whose monthly resistance level is firmly stuck at the 2880 mark. If the conflict can be resolved peacefully, Ethereum is bound to soar; however, if the situation worsens and Iran and Israel engage in a bitter battle, Ethereum's price may significantly drop, first testing the support level at 2430. If that level is breached, it could accelerate the decline down to 2150. Recently, black swan events have been frequent, and everyone must stay alert and be cautious!
However, it's not all bad news in the market. According to on-chain data from 78090061944, the whales are quietly buying the dip and continuously accumulating, which indicates that the market is about to reach a critical turning point. The next few days will be a moment of change; when the direction is unclear, staying on the sidelines is the wise choice.
Want to seize every opportunity in the crypto market and find the right investment direction? Then keep following me! I will analyze the situation for you at the first opportunity, interpret market trends, and help you find your way in the crypto wave, reaping abundant rewards! Looking forward to witnessing the market's carnival moment with you!