The Ether Workshop continued to remain below $1,800 before the CPI data was released in June in the United States, and the market was cautious. Short-term finance, on the one hand, focuses on inflation data and Fed policy signals, and, on the other hand, is watching whether there will be an effective breakthrough near US$ 1850.

$1,800 to $1850 to settle empty

From the distribution of derivative silos, between 1800 and 1850 has brought together large empty clearing pressures and further liquidity accumulations near $1900. If the price goes up through the area, some of the blanks may be forced to flatten and magnify short-line fluctuations.

There is also a clear clearing area in relative terms at US$ 1750 and lower. In the event of a failure, the seller may regain control of the rhythm, which will allow the ETA to rebound in the near future.

  • Main empty clearing area: $1800 to $1850
  • Upper mobility area: close to $1900
  • Key bottom support: $1750 to $1756

$1850 is still a short-line watershed.

The dailies show that prices are approaching horizontal resistance near US$ 1,846 since the Etherjong rebounded at a low point in June. This position also corresponds to the neck-line level of the stage form and is therefore seen by the market as an important entry point for short-line orientation choices.

The report mentions that if this resistance is confirmed to be breached, the price above space may be opened further, and the next focus will be on the $1,900 line, followed by the target near $2,200. At the same time, the price on the hour chart is still around $1756, indicating that the low point is still rising in the near future.

However, short-line kinetic energy is not sufficient. The weakness of the MACD column chart and the slow-line relationship also indicate a slowdown in movement, which means that prices, while closing in on resistance, have not yet led to greater recognition of breakthroughs.

CPI and the situation in the Middle East remain external variables

In addition to the chart structure, the macro environment continues to dominate short-line risk preferences. If inflation data in the United States are higher than expected, market expectations for the Federal Reserve to maintain a tight policy could rise, and a strong return on the dollar and the United States debt would stifle demand for risky assets, including encrypted assets.

It was also mentioned that any further escalation of the situation in the Middle East could also contribute to a resurgence of risk-averse sentiments, which could lead to a backlash by the Taifeng. Over the past period, the continued outflows of ETFs, the weak revenue from network fees following the upgrading of Dencun, and the increased competition in the other Layer 1 public chain have been straining their demand.

From below, if $1750 to $1756 supports the belt, the price may fall around $1680, with a deeper demand area at $1,500 in line. If there is a breakthrough of US$ 1850 above and it is steady, the market focus may turn to the further upswing of space brought about by empty returns.