The behind-the-scenes driving force of a 60-point surge
The rapid rise of ETH today is primarily driven by sudden news regarding the EU and Trump trade agreement. According to details exposed by British media, the EU may be forced to accept tariffs higher than those of the UK (10% on steel/cars, 17% on agricultural products), which triggered global capital panic over escalating trade frictions. Some risk-averse funds have flowed into the crypto market, with ETH being the first to respond as a highly liquid asset, triggering a surge in short-term buying.


Key positions for technical long and short skirmishes

Bull defense line: The current position of 2626 is extremely sensitive—this is precisely the overlapping zone of the Fibonacci 61.8% retracement level (2591) and the strong support at 78.6% (2615), while the market shows dense major orders between 2520-2580 (the order ratio -0.31% suggests limited selling pressure).

Bearish chips: A double top pressure forms at 2660-2670 (previous high 2660 + Fibonacci 100% resistance 2646), if it cannot break through with volume, it will activate selling from trapped positions.

Watershed signal: If the latest transaction price of 2626.20 holds, it will test 2641 (38.2% retracement level) and the psychological level of 2650; conversely, if it falls below the integer support of 2600, it may quickly slide towards the weekly support level of 2584.

Market outlook and strategy

Bull script: If the EU agreement reveals 'concession details' (such as lowering tariffs on technology products), combined with the main force accumulating at 2626 for protection (watch for large order increases), ETH is expected to counterattack in the 2650-2670 range, with a breakthrough requiring volume > 100k.

Bearish killing move: If Trump escalates tariff rhetoric, or the main force pulls orders triggering the collapse of the 2626 defense line, the market will test the deep water area of 2600 → 2584, where one can position for a swing long.

Iron Eagle warning
The current market is in a 'news vacuum period', and the final text of the EU agreement has not yet been released; any sudden headlines could ignite the market. It is recommended to closely monitor the thickness of the main orders at 2626-2640 (the depth chart shows a confrontation between bulls and bears at 2626.20-2626.55), if the order ratio turns positive, then a lightning counterattack will be imminent!

Fan benefits: If 2626 holds steady, increase positions targeting 2670; if it effectively breaks below 2600, stop loss and reverse, gradually buy below 2584—every correction in a bull market is a golden opportunity!

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