ETH surged late at night! A decisive battle at the key level of 2600, will it break through or pull back tonight?

Market update:
Current price of ETH is 2580 USD, surging 35 points within an hour, trading volume skyrocketed to 3.25 billion USD. Key data update:

U.S. June Small Business Confidence Index revised to 98.3

On-chain data shows: 40,000 ETH level buy orders

Contract liquidation amount updated: Short position liquidation of 120 million USD

Latest technical signal:

  1. 1-hour chart breaks through key level of 2565

  2. MACD indicator: DIF line 0.25 crosses above DEA line 0.18

  3. Volume comparison: MA5: 1.98 billion > MA10: 2.93 billion

    Zhuque exclusive view: What's the next move?

    • Above 2600: If broken, a new upward channel opens

    • Below 2520: If broken, it returns to the oscillation range

      Short term (tonight - tomorrow)

    • Key resistance level: 59,500 USD.

    • Trading suggestion: If it stabilizes at 58,800, can lightly enter long positions, target 59,500-60,000.

Operation strategy adjustment:

Long position entry level raised to 2578

Stop loss level adjusted to 2550

First target level 2595

Risk warning:

  1. Fed meeting minutes released at 3 AM

  2. Key support level raised to 2535

  3. U.S. stock futures latest down 0.3% may trigger a linkage

Is the situation too cold at the forefront? Focus on Zhuque, the Zhuque thermal nuclear team is in place! Just igniting the prairie fire of ambitious madmen! $ETH