-【Replay】-

After yesterday's rebound, the price peaked at 68450 and then began to fall straight down. The lowest price reached 66250 in the early morning. Obviously, the 68000 level was only pierced and could not stand firmly. This is what the original article said, if you can't effectively cross 68000 yesterday, then please continue to go down. Although it has not fallen below the previous low of 66050 until now, who can say for sure what will happen today? You say so, right?

-【Today's Market Analysis】-

Old Wine Trading Diary: Daily Interpretation 6.14

① Intraday ultra-short-term pressure: 67600-67800

Even if the weak market breaks through this price range, it will probably fall back to the high point formed by yesterday's rebound, 68450. To break through here, it is necessary to see a medium to large positive line on the hourly level.

②Intraday ultra-short-term support: 65600-65900

Whether it is a daily decline or a 12-hour decline, there is probably not much room for further decline below. Unless I see a medium to large negative line. But it seems difficult. Therefore, even if the price falls below the previous low of 66050, it is likely to get support at 65600-65900 and then rebound. In addition, if this price range cannot hold, there is still 65000.

Summary: There is not much room for the price to fall. The bulls can get ready at any time.

-【Digital Currency News】-

Ethereum has the second largest holder buying day in history?!

On June 12, just before the U.S. Securities and Exchange Commission’s (SEC) Gary Gensler predicted the approval of a spot ether ETF, the price of Ethereum fell below $3,500 and demand for ether from long-term holders soared.

Ethereum demand is surging. Yesterday, long-term holders purchased the second-highest amount in history, 298K ETH. The highest daily purchase volume was on September 11 last year, when 317K ETH were purchased in a single day.

The increased demand comes as the price of Ethereum has fallen 8.49% over the past seven days. Ethereum initially fell below $3,800 on June 8 and failed to rebound, but has remained above $3,400 during this period.

Past price action suggests that the area around $3,500 will be a stubborn resistance level for ETH bulls. Some also point out that this may not be the end of the decline, citing the previous drop below $3,500 on April 11, which led to a 25% drop to a low of $2,814 on May 2.

Meanwhile, Gary Gensler, chairman of the U.S. Securities and Exchange Commission, predicted to lawmakers at a Senate Banking Committee hearing that regulators could sign final approval for the listing and trading of spot Ethereum ETFs within three months. On May 23, the SEC approved the 19b-4 applications of eight applicants, preliminarily approving the regulatory requirements for spot Ethereum ETFs in the United States. However, trading can only begin after the S-1 registration statement is also approved.

Personal point of view, only for reference