6.7 Market Analysis
Technical side:
Yesterday's analysis was 71500. If it doesn't break, it will fall back to 70400. As we expected, Ethereum also rushed to 3878 and then fell back. Then we should pay attention to the range of shocks in the next day, 70400 and 71000. If it stays in this range and doesn't break through 71000, we still have to pay attention to the risks. If it breaks through, it will maintain shocks from 70400 to 71600. Therefore, the only thing we can do now is to control our positions. I personally recommend 5 to 6 layers, with upper resistance at 71600 and 71000. Support below 70400-70000
Ethereum needs to repair the indicator during the day, so this position can't go up much, and we still need to focus on the support below 3780~3725 and the resistance above 3825. If large funds Ethereum pulls back, they can be taken in batches
News:
The number of unemployment benefits was released at 8:30 last night. The expectation was only 22, but the announcement was only 22.9, which was higher than expected
At 8:30 pm on Friday, June 7, the United States released non-agricultural data for May
The European Central Bank cut interest rates by 25 basis points as expected, and may cut interest rates by another 40 basis points this year
Following the second half of the year, we will focus on Ethereum ETFs S-bar one and S-bar three are expected to be approved around mid-July. If they can be officially listed, it will definitely be good for Ethereum-related sectors. Because we remember that after the Bitcoin ETF was approved in January this year, its corresponding ecosystem ushered in an explosion. Many people made a lot of money on Stx and RIF. Similarly, Ethereum ETFs will also have corresponding fluctuations through the Ethereum ecosystem in the second half of the year. The Ethereum ecosystem mainly includes the L2 sector (Matic IMX OP ARB Strk Manta Strk Celo Metis), the re-staking sector (Ethfi Rez SSV LDO), the Defi sector (Uni Mkr Pendle), and the Ethereum meme sector (People Trump Pepe)
