#ETH Market Interpretation: In-depth Analysis of ETH Price

Dear colleagues in the currency circle, at this moment, I will bring you an in-depth analysis of the current trend of ETH.

First of all, from the 1-hour time window, the ETH price has clearly shown a short position. But please note that in the 2- to 4-hour time span, we have observed a trend of callback. This means that the market may fluctuate in the short term, but the overall trend still needs to be carefully judged.

It is particularly important that we pay close attention to the 2-hour level of long and short critical points, that is, the price of 3116.311. If the price of the currency can stabilize above this price, then the callback may come to an end. At this time, we still have the opportunity to capture the entry opportunity of long orders at a small level.

However, while attacking, we must also be prepared for defense. There are three pressure levels above, namely 3124.87, 3134.20 and 3144.86. If ETH fails to break through these key prices, especially the 2-hour long and short critical points, then the market may usher in a new round of downward trend.

During the downward process, we need to pay attention to three support levels: 3105.54, 3088.55 and 3072.89. These prices are important references for us to judge the bottom of the market. During the transaction, please keep in mind the principle of "maintaining capital is king". Contract operations must first consider defense and then seek advancement.

The currency circle is changing, and only by operating cautiously can you be invincible in the market. I hope that all colleagues will keep a clear mind, make a reasonable layout, and make steady profits during the transaction.

Sun Yuchen's team address deposited 120,000 EETH into Swell L2, worth 376 million US dollars

According to data monitoring, Sun Yuchen's team address 0x7a9...3095 deposited 120,000 EETH (deposit certificate after ETH is deposited into Ether.Fi) into Swell L2 on May 4, worth 376 million US dollars. Currently, there are only 4 days left in Swell's four-week pre-launch deposit (ending on 05.08), and Sun Yuchen's pledged funds account for 46.6% of Swell L2's total deposits. Previously, this address also deposited 120,000 ETH when there were only 5 days left in the Ether.Fi airdrop event, and obtained 22,000 ETHFI, worth $105,000. #eth二饼 #ETH分析 #ETH（以太坊） #ETH🔥🔥🔥