Four hints that Ethereum is about to make a big move!

Just recently...

1. Ethereum has not hit a new high this year. Ethereum's price has not broken a new high this year, which means that under current market conditions, its price is in a relatively stable range and is a good entry opportunity.

2. Healthy pullback From the chart, we can see that Ethereum's latest pullback is very healthy. It hit the 0.618 position of the Fibonacci retracement line accurately and rebounded quickly.

The overall market consensus on Ethereum's price is very strong, showing investors' confidence in its future trend.

3. ETF expectations and market holdings Although the approval of the Ethereum ETF has been delayed, the market's expectations for the final approval by the SEC are still high.

Currently, major investors are also increasing their holdings, including Justin Sun. From the last decline, Ethereum fell to $3,200 at its lowest, and there was no large-scale selling. The Mentougou incident affected Bitcoin, while Ethereum just followed the decline.

4. Short-term support position In the short term, Ethereum's retracement position of $3,450 after the breakthrough is the key point for the exchange of short-term resistance and support. Ethereum can be deployed below $3,400. After passing this position, it is very likely that a rebound similar to that on May 20 will occur again.

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