ETH reappears with a 'false breakout', 2380 becomes the lifeline for bulls and bears!
Has Ethereum truly perfectly illustrated what it means to play tricks???
After standing above the trend on the four-hour level, it did not stay long and directly broke below the trend line after retracing. Ethereum has once again fallen back below the trend line, so let's continue to pay attention to whether it can strengthen and return above the trend line.
The short-term support to watch below is still around 2380; this level has been mentioned as support over the past two days, and it also approached this level last night before rebounding. The larger direction still needs to wait for the trend of Bitcoin, as Ethereum currently does not have a particularly strong directional movement!
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ETH Analysis: June 27, 2025 Daily Chart
