Ethereum Recharges at 2700 Threshold: Is a Breakthrough Imminent?
🚩 Key Developments Yesterday
Macroeconomic Data: U.S. May ADP Employment Numbers Only 37,000 (Expected 110,000), Previous Value Revised Down to 62,000, Indicating a Cooling Job Market.
Policy Signals: Trump Calls on Federal Reserve Chairman Powell to "Cut Interest Rates," Mentioning That Europe Has Cut Rates Nine Times; South Korean President Lee Jae-myung Promises to Promote Crypto ETF and Stabilization of the Korean Won.
Project Trends: Ethereum Foundation Announces New Fiscal Policy, Plans to Reduce Annual Expenditure and Increase Investment in the DeFi Sector.
🚩 Market Review Yesterday BTC: Intraday Fluctuation of 1822 Points, Lowest at 104,252 USD, Highest Rebounded to 106,000 USD, Overall Showing a Slight Decline in a Sideways Trend.
Ethereum: Range Fluctuation of 97 Points, Low at 2583 USD, High at 2680 USD Resistance Level, Approaching a Turning Point.
Analysis: Ethereum Faces Resistance at Highs but is Stronger than Bitcoin, With Ethereum's Independent Upward Momentum Highlighted in a Weak Bitcoin Environment.
🚩 Today's Market Outlook Ethereum: Bulls Continue to Test Resistance Levels, Showing Clear Accumulation Characteristics in the Fluctuation Range (2500-2680 USD).
If It Breaks Through the 2700 USD Long-term Resistance Line, It Can Be Pursued for Confirmation, Spot Investors Can Accumulate in Batches at Dips; 4-Hour Support at 2480 USD, Resistance at 2680 USD.
Bitcoin: 4-Hour Chart Breaks Down Long-term Uptrend Line, Bears Dominating Short-term Trend, If It Pulls Back Near the 100,000 Threshold, It Can Be Seen as a Potential Entry Opportunity, Otherwise, It Is Recommended to Wait and See;
4-Hour Support at 103520 USD, Resistance at 107000 USD.
📌 Strategy Summary Ethereum is Currently at a Breakthrough Critical Point, Whether It Stabilizes at 2700 USD Will Determine the Direction, After a Breakthrough, It Can Shift Towards Altcoin Accumulation. Bitcoin Shows a Bearish Sideways Trend in the Medium-term, Short-term Rebound Needs to Be Cautious of a Second Pullback Risk, Be Careful When Chasing Highs.
