Ethereum has currently reached a key support level of 2380 on the daily chart, and a certain degree of market correction is expected over the weekend.
The extent of the recovery depends on the market's liquidity conditions. If the liquidity is strong, the price may rise to around 2480; if the liquidity is weak, breaking through 2450 will face challenges.
The decline yesterday was mainly due to a significant drop in the spot CVD indicator, while the increase in open interest indicates that more traders are betting on a rebound at the support level. If the price rebounds, the market will maintain a range-bound oscillation pattern; however, if the support fails, the price may further drop to around 2200.
Projects worth keeping an eye on include Filecoin, Solana, Sei Network, Sui, Uniswap, Trump, Fun Token, and Kaia.
Market sentiment is being influenced by multiple factors including US Treasury bonds, adjustments in the cryptocurrency market, and the transformation of platform X. Investors are advised to closely monitor short-term trading opportunities.
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Ethereum has currently reached a key support level of 2380 on the daily chart, and a certain degree of market correction is expected over the weekend.
The extent of the recovery depends on the market's liquidity conditions. If the liquidity is strong, the price may rise to around 2480; if the liquidity is weak, breaking through 2450 will face challenges.
The decline yesterday was mainly due to a significant drop in the spot CVD indicator, while the increase in open interest indicates that more traders are betting on a rebound at the support level. If the price rebounds, the market will maintain a range-bound oscillation pattern; however, if the support fails, the price may further drop to around 2200.
Projects worth keeping an eye on include Filecoin, Solana, Sei Network, Sui, Uniswap, Trump, Fun Token, and Kaia.
Market sentiment is being influenced by multiple factors including US Treasury bonds, adjustments in the cryptocurrency market, and the transformation of platform X. Investors are advised to closely monitor short-term trading opportunities.