Crypto Market Analysis 6.28 SOL is severely suppressed, and the time for SOL to ambush is coming

The time to promote Ethereum L2 and suppress Solana has come, why must it be done?

Berckmans predicts that L2's transaction throughput will reach 100 times that of Solana in five years. This expectation may trigger high attention and hype in the market, especially if an institution launches related financial products such as SOLETF (Solana Exchange Traded Fund). The purpose of hyping SOLETF is to attract investors, but it may also make investors more optimistic about the prospects of Ethereum L2, thereby suppressing Solana's performance.

Then the dealer is ready to continuously absorb SOL in the later stage to prepare for the next moment. At the same time, the total locked value of all L2 protocols is currently US$42.86 billion. Although the overall crypto market is falling, this value has remained stable since March. This shows investors' confidence in ETH L2 and may cause funds to flow out of other platforms (such as Solana) and turn to ETH L2.

A new round of Ethereum hype is cooperating with the logic of these analysts and starting this new round of hype, preparing for the possible ETH ETF hype in July.

Daily level market

- ​​The daily level has a large-scale downward trend, but the bottom will rebound. The large-scale downward trend pressure is around 65,000 and the support is around 61,000.

4-hour level market

The 4-hour downward trend is temporarily repairing, with upper pressure around 62,500 and 63,000, and lower support around 60,000.

Intraday level analysis

-----The weekly level rebounded from the bottom, and the daily level and 4-hour level rebounded and repaired. In the short term, pay attention to the upper pressure around 63,000 and the extreme position around 64,000, and then see the reaction after the market liquidation. The bottom support is around 61,000. After falling during the day, you can choose to gamble on a long order on Friday night, and then a long-term long order after stabilization on Saturday.

-----The intraday level has turned into a short-term upward trend, and the large-scale decline, with the upper pressure position near 63,000, the first bottom support near 61,000 and the largest support position near 59,500.

Spot can safely pass through this difficult moment in the history of encryption, and stay calm when encountering things. #美联储何时降息？ #VanEck提交首个SolanaETF #BTC走勢分析