June 3 Market Analysis
The current market situation can be summed up in four words: Caught in a Dilemma
Advance: There is resistance at the daily life line above; Retreat: The price has also stood above the four-hour life line below.
1: The rise at the 103000 position is due to the first touch of the daily life line during the pullback, which is also the 23.6% Fibonacci level.
2: There are daily-level resistances at the positions of 106600 and 108800, with Ethereum around 2646. It is uncertain whether it will drop at these positions.
Currently, it can be summarized as: The 4H cycle has returned to a bullish trend, and the daily line is also bullish. It is uncertain whether this bullish move in 4H is the last gasp of the bulls or a new force; we will wait a bit longer.
