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Bitunix Analyst: Macro Optimism Spreads, ETH Oscillates Upward, Focus on Support Areas at 2525 and 2275
Summary: According to reports, as the economic situation improves, the US stock market continues its strong rebound from the April low, with market risk appetite rising rapidly. Benefiting from easing trade tensions and progress on the OBBBA bill, funds are flowing back into high-risk assets, with the S&P and Nasdaq hitting historic highs. However, analysts warn ...
According to reports, as the economic situation improves, the US stock market continues its strong rebound from the April low, with market risk appetite rising rapidly. Benefiting from easing trade tensions and progress on the OBBBA bill, funds are flowing back into high-risk assets, with the S&P and Nasdaq hitting historic highs. However, analysts warn that the market may be overly optimistic, and there are still potential risks of volatility in the future, so investors should remain cautious. Bitunix analysts suggest that, driven by the macro optimistic atmosphere, ETH maintains a high-level oscillating structure. From a daily chart perspective, ETH completed a deep retracement in the 2275 range and is currently constrained by the 2571-2600 minor resistance range, without a clear breakthrough. The 2275-2300 range below is a high liquidity support area, with short-term bulls regaining control after retracing to this area; the short-term resistance above is at 2600 and 2670, with prices likely to continue oscillating in this range. If successfully broken, it may test the 2773 resistance level. Overall, range trading is still the main strategy, avoiding chasing highs.
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Link: Bitunix Analyst: Macro Optimism Spreads, ETH Oscillates Upward, Focus on Support Areas at 2525 and 2275 [Copy]
