Technical Analysis Simplified
Current Battlefield Positioning
Price Positioning: Currently 2762, Right at a 'Strategic Location', both bulls and bears are hesitant to act
Upper Fortress: 2834 is the recent peak, 2850 is heavily guarded
Last Line of Defense: 2700 is the Lifeline for Bulls, 2475 is the Major Bottom for the Year
Main Force Movement Decoded
Bearish Bombshell: 109 ETH Sell Orders Hanging at 2766.90
Bullish Shield: 25 ETH Support at 2766.89
Signal Interpretation:
If 109 Sell Orders are Consumed → Charge Forward, Rush to 2800!
If Breaks Below 25 Support → Fall Back to 2733 Temporary Trench
Positive News Flow Boost
Hong Kong Fire Support
End of June or Open Up Mainland Retail Investor Subscription (Potential Buying Pressure Lurking)
Global Allies Providing Support
Fed Rate Cut Expectations Heat Up (September Probability Over 70%)
ECB Takes the Lead in Rate Cuts (Global Faucet Slowly Opening)
Ethereum's Own Confidence
Layer 2 Transaction Fees Drop by 85% (On-chain Activity Clearly Rebounding)
Staking Volume Exceeds 26% of Total ETH (Locked Chips Becoming More Stable)
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Found a Bro Who Lost Enough to Carry Cement? Quick Attention! Air Force One Rescue Boat is About to Launch!
$ETH