$ETH Ether has not broken new highs this year, which means that it is in a relatively stable range under current market conditions and is a good entry opportunity. As can be seen from the chart, the most recent pullback of Ethereum was very healthy, and it quickly rebounded after accurately hitting the 0.618 position of the Fibonacci retracement line. The overall market consensus on Ethereum is very strong, showing investors' confidence in its future trend. Although the approval of the Ethereum spot ETF has been delayed, the market's expectations for the final approval of the SEC remain high. Major investors are also increasing their holdings, including Brother Sun. From the last decline, Ethereum fell to the lowest level of $2,800, and there was no large-scale selling. The German sale of coins and the Mentougou incident affected the big cake, while Ethereum just followed the decline. In the short term, Ethereum is the key support point at 2,800. Ethereum below $3,000 can be laid out. After passing this position, it is possible to see a similar rebound as on May 20 again.

It can be fully explained that Ethereum has shown strong potential and stability in the current market. Whether it is the callback of the technical chart, the strong market consensus, or the behavior of the main force to increase holdings, it shows that Ethereum is an investment target worthy of attention. We should seize the opportunity and hope to get rich returns in future market fluctuations. I hope that the L2 sector will also be driven.