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6.22 Weekend Market Overview: ETH dips down by 200 points
ETH unexpectedly dropped directly by more than 200 points. A few days ago, I mentioned that the whales were taking action on ETH from the ICO period. Could it be that these whales had foresight, knowing that the U.S. was going to bomb Iran and that the situation in the Middle East would drastically change, leading them to sell all their ETH?
Currently, the ETH market is unclear, and we need to find resistance and support again; we will see if it can break and stabilize above 2270. If it stabilizes, there may be a rebound. If it continues to drop below, then we may see it around 2183 again; waiting for a right-side breakout and stabilization above 2270 to enter long positions, targeting around 2406, with a stop loss at 2244; for left-side positioning, short at 2406, with a stop loss at 2427, targeting 2331 and 2270.
In the last 24 hours, the total liquidation across the network was 676 million USD, with long positions amounting to 594 million. This truly reflects the crypto market's response to the Middle Eastern war.
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