At 8:30 PM tonight, the US May CPI will be announced, and the market is about to face a key directional choice!

ETH has surged from the low of 2500 on June 8 to nearly 2800 today, a staggering increase of over 300 dollars in just two days! The current price is oscillating around 2800, with the MACD red bars shortening, RSI close to overbought, and volume significantly shrinking, indicating a wait-and-see attitude among investors.

Key Technical Reference Levels:

🟩 Short Support: 2780 (near EMA7)

🟩 Strong Support: 2750 (previous low platform)

🟥 Resistance Level: 2830 (tested multiple times without breaking)

🟥 Strong Resistance: 2850 (round number)

MACD top divergence + shrinking volume indicates a weakening short-term upward momentum. Avoid chasing the price today and wait for a clear direction after the CPI.

If Bitcoin and Ethereum choose to continue surging tonight, I would not recommend going all in, as they are already at high levels. If you want to go long, I suggest waiting for a pullback after the surge without breaking the support level.

For shorting, wait for the high point after the policy announcement where the surge weakens, or look for clear signals for short positions on smaller timeframes.

Finally, I wish everyone a fruitful day ❤️ See you at 9 PM for the live broadcast at Binance Square!