ETH fell in a small-scale volume. This wave of strength is a bit large, beyond my prediction, because yesterday's prediction was that there would be a wave of retracement. I planned to retrace the support line near 2990, but the news also had an impact. The Federal Reserve said that there is an important upside risk of inflation and it is not considering interest rate cuts for the time being. In addition, Grayscale's net outflow of 100 million dollars caused the market to accelerate its decline and directly fall below the support.

It has rebounded all the way since the beginning of May, with an increase of more than 400 dollars. In the past week, the increase has all fallen back, and the price has touched the low point at the beginning of the month again. At present, the small level has not stopped falling. There may be a second bottoming out, or it may fall below the low point again. If you start a long order, it is recommended to be below 2850u. Because of the large fluctuations, remember not to place orders. It depends on how the pattern evolves! #ETH