6/5 $BTC $ETH Ethereum again surged to 2700, can it break through this time?
🚩 Yesterday's Highlights
🟠 United States May ADP employment number is 37,000, expected 110,000, previous value 62,000
🟠 Trump: Powell must cut interest rates now, Europe has already cut rates nine times
🟠 South Korean President Lee Jae-myung promises to promote the development of crypto ETFs and the Korean won stablecoin
🟠 The Ethereum Foundation announced a new fiscal policy to reduce annual spending and increase DeFi participation
🚩 Yesterday's Market:
Bitcoin: Lowest point 104252 Highest point: 106000 Range 1822 points
Ethereum: Lowest point 2583 Highest point: 2680 Range 97 points
Yesterday's Summary: Ethereum rose to the upper resistance level, 2680, getting
closer to a turning point, Bitcoin is consolidating or slightly declining, which is
favorable for Ethereum.
🚩 Today's Market:
Ethereum: Ethereum continues to surge today, bulls have been making attempts, this momentum
is accumulating bullish strength to break through the long-term resistance line of 2700,
it is not recommended to enter the market now, taking small profits and large losses, it is
still advisable to wait for a breakout above 2700, spot trading is fine, you can continue
to enter.
4H support level: 2480 4H resistance level: 2680
Bitcoin: Bitcoin is still weak during the day, 4-hour trend is mainly bearish, breaking
below the long-term uptrend line, a pullback to around 100000 is a
relatively good entry position, or just skip this market segment.
4H support level: 103520 4H resistance level: 107000
🟠 Summary: Ethereum continues to oscillate in the range of 2500-2680, but
is much stronger than Bitcoin. Bitcoin is rebounding in the short term, while the medium-term remains
bearish or oscillating, waiting for Ethereum to stabilize at 2700 before fully engaging in trades.
