ETH2568 pressure spell remains unbroken, US stocks open to determine 2460 fate!
In terms of Ethereum, this afternoon the Bitcoin briefly surged, and Ethereum also rose for a moment, but now the increase has started to lose steam. It is estimated that we will have to wait until the US stock market opens to see its direction. Although Ethereum looks strong now, it feels somewhat impressive but not useful enough to support an independent trend.
In terms of movement:
The short-term rise to around 2568 just happens to coincide with the minor pressure level that Sheng Jie pointed out yesterday, and there has been no effective breakthrough. Therefore, the short-term trend still cannot be seen as a strong market, let's wait for an effective breakthrough to appear. The support below is still around 2460, which also did not provide an opportunity yesterday. If there is a drop tonight, it is possible to break through that level, so those trading Ethereum must pay close attention to Bitcoin's movements!
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ETH viewpoint analysis: June 20, 2025 daily chart
