Following the publication of inflation data in the United States in June, the risk assets were once strong, and the Etherport was then pushed up, but the increase slowed rapidly near $1930. When the short-term funds closed, ETH went back to the $1880 line, and the focus of the market turned to the stability of the support around $1850.
CPI pulls up and throws up.
The Ether Workshop was previously driven by CPI and PPI data, which rose by more than 5% a day. After short-term price breaks through the months of declining trend, the sale of pallets appears near critical resistance positions, which reduces movement.
In the course of the recall, ETH went down to US$ 1878, and was subsequently given buy-out support in the vicinity of US$ 1880. The current region is seen as the first pillar of a breakthrough attempt.
Leverage position zooms back.
Derivatives markets have accelerated this turnback. After $1900 on the ETH station, some of the leverage was concentrated and the financial rates rose. As prices did not continue to rise, the silos began to contain.
The subsequent concentration of multiple silos in multiple exchanges has further increased passive sales pressure. The rate of price reversals was amplified in the context of a decline in the synchronisation of spot purchase boards.
The 3rd day of CoinGlass' ETH liquidation heat seeks to show that there are more leverage positions between $1840 and $1860, which also makes the zone an important support belt for short lines.
- Near-end support attention: $1840 to $1860
- Upper mobility area: approximately US$ 1950
- Mental health: US$ 2,000
The macro environment continues to influence the way forward
The macro-market environment has become weaker as trade times advance. Following the publication of inflation data, oil prices rebounded significantly, and there was renewed concern in the market that energy costs could affect the Federal Reserve ' s next interest rate path.
At the same time, high rates of return on United States debt and the dollar index have reduced the attractiveness of risky assets, with some funds shifting to traditional fixed-income markets rather than continuing to flow into encrypted assets.
Market analysts argue that as long as the US$ 1850 support has not been effectively broken, there is still an opportunity to test the US$ 2000 threshold again. If the position is lost, the price may be withdrawn to the 1750 to 1800 United States dollars area; if the area is broken, the market view may be redirected to the June low near $1,500.
In addition to the price structure, spot ETF financial flows, the strength of the United States dollar, the geo-situation situation and whether large holders continue to transfer assets to the exchange will also continue to affect the subsequent performance of ETH.