Since last night, a thunderclap of peace from the Middle East has stirred up huge waves in the cryptocurrency market. The price of ETH surged over 8% in a single day, breaking through the $2400 barrier, marking the most aggressive single-day increase in nearly three months! Bitcoin danced in sync, altcoins celebrated collectively, and the total market capitalization surged by $130 billion in one day, returning to the high ground of $3.25 trillion. This sudden 'violent surge' came swiftly and strangely, causing countless investors' hearts to race and blood to boil, yet they couldn't help but question: Is this the starting point of a new bull market for those who missed out, or a well-laid 'trap' by the bulls?
On June 24, during the Asian trading session, ETH was languishing around $2300 as usual. However, the situation changed dramatically in the afternoon when a bombshell news item stating 'Iran and Israel reached a comprehensive ceasefire agreement under U.S. mediation' hit the markets. This news was like a giant stone thrown into a calm lake, instantly creating ripples in the global financial markets. The tight geopolitical risks suddenly eased, and safe-haven funds poured out of traditional refuges like gold and the dollar, rushing at an astonishing speed into the cryptocurrency market, viewed as the 'frontline of risk.' ETH was the first to bear the brunt, with buying pressure flooding in, causing prices to soar, reaching a high of $2481, with an intraday volatility exceeding $150, eventually stabilizing above $2420, with trading volume surging by 35%.
This is by no means a solo performance by ETH: Bitcoin rebounded by 3.6%, reclaiming the lost ground of $105000; altcoins performed collectively with Sei soaring by 32%, Dogwifhat rising by 20%, and Aptos increasing by 10%, forming a long-awaited pattern of 'leading coins on stage, altcoins performing.' Overnight, the crypto circle seemed to be injected with a strong dose of adrenaline, completely igniting the market sentiment that had been dormant for a long time. The market always oscillates between greed and fear, moving forward amid hope and doubt.
Every battle for ETH at the $2400 level is a testament written in real money. Tonight, keep a close eye on the breathing of the K-line and every candle's shadow—because in the ever-changing world of cryptocurrency, 24 hours is enough for the fire of hope to spread or for paper riches to turn to bubbles. Is it a trap or an opportunity? The answer is being revealed by the market itself, in the most brutal and real way, second by second.
Operation suggestion:
Short Bitcoin at 107900-108300, targeting around 105000-102000. Defend at 108800.
Short ETH at 2450-2500, targeting around 2350-2200. Defend at 2550.
