Bitunix analyst: Macro optimism spreads, ETH fluctuates upward, pay attention to the 2525 and 2275 support areas

On July 7, as the "Goldilocks" economic scenario spread, the US stock market continued its strong rebound from the low point in April, and the market risk appetite rose rapidly. Benefiting from the easing of trade frictions and the advancement of the OBBBA bill, funds accelerated the return of high-risk assets, and the S&P and Nasdaq hit record highs. However, analysts reminded that the market may have been overly optimistic, and there are still potential volatility risks in the future, and investors should remain cautious.

Bitunix analyst recommendations:

Driven by the macro-optimistic atmosphere, ETH maintains a high-level oscillation structure. From the daily line structure, ETH rebounded after completing a deep retracement in the 2275 range. It is currently subject to the pressure of the 2571-2600 small range and has not yet effectively broken through. The lower 2275-2300 is a high liquidity support area. The short-term bulls will regain control after stepping back to this area. The upper short-term pressure is at 2600 and 2670. The price may continue to fluctuate in this range. If it breaks through successfully, it may test the 2773 pressure level. The overall operation is still mainly in the range, and avoid chasing highs.