$ETH $OP Wednesday, May 22, 2024! ✅️ Yesterday's market review Yesterday's market was very lively. It's not that everyone made a lot of money. In fact, most people didn't get their money back, but the strong rise of Ethereum gave the market a lot of hope. ETH's intraday rise of more than 20% has been a long time since we saw it! Yesterday, the opening price of BTC was 71446, the highest price was 71979, the lowest price was 69162, and the closing price was 70148, with an increase of -1.82% and an amplitude of 3.94%; the opening price of ETH was 3661, the highest price was 3841, the lowest price was 3624, and the closing price was 3789, with an increase of +3.49% and an amplitude of 5.93%. The fluctuation range of the big cake is relatively small, and the interval period of consolidation is in a good period! ✅️Today's market analysis

Now everyone is waiting to see whether the ETH ETF will be approved on the 23rd, which is tomorrow. The current market expectation is that it will be approved, but whether it will be approved in the end still needs to wait for the specific news tomorrow! This news will also likely determine the market in the next 1-2 months. We will not make a prediction now, just wait patiently for one day! The price of Bitcoin is currently around 70,000, which is only about 5% away from the historical high of 73,777. Brother Yu said that 100,000 US dollars is bound to be broken! The price of Bitcoin is currently around 3,800, which is less than 300 US dollars away from the high of 4,093. The bull market must be there, and the crazy bull market has not come yet!

Pressure and support of intraday market

BTC pressure 70800/71900/73700

Support 69800/69000/68200

ETH pressure 3840/3900/4000

Support 3750/3680/3600

✅️Spot sector market analysis

Ether pulls up, directly driving the second-layer concept of currency

ARB series, OP series, L1/L2 sector, this is also the key sector that will inevitably be hyped in the future. As long as Eth's Etf passes, the currencies in these sectors will inevitably rise sharply! The specific currencies have been summarized many times in Brother Yu's Weibo, brothers can just read the previous blog post!

At present, although the big cake and the second cake have been pulled back, many counterfeit spot are still at the position of the last round of high points, don't worry, don't be anxious, love and hate are in an instant, the same is true for pulling the market, there are many counterfeit that have risen by dozens of points within the day, so just hold patiently and wait!

Today❤️499 Tiantuan❤️Code

Op Still follow Op

Get on board near spot 2.7, if there is a pullback, add positions in batches at 2.5/2.6, medium and long term!