Ethereum successfully breaks through the core resistance zone, with the potential to challenge the $1850 level in the future!

The price has rebounded from $1704, currently trading around $1745, with a 24-hour increase of 2.3%. Currently, market bullish sentiment is warming up, combined with positive news from institutions and easing geopolitical tensions, overall boosting the strength of crypto risk assets.

On June 22, crude oil prices fell below $76 per barrel, and the US and Iran agreed on a 60-day negotiation plan, which eased inflationary pressure and further boosted market willingness to allocate to cryptocurrencies.

Institutional funds have recently continued to increase their positions in Ethereum, with leading investment banks like Morgan Stanley accelerating the implementation of spot Ethereum-related investment products. According to Arkham Intelligence, a newly created wallet transferred a total of $21.7 million in crypto assets from the FalconX platform, including $14.4 million in Ethereum and $7.3 million in HYPE. The position was established less than a day ago, with unrealized gains approaching $400k.

Technical analysis shows a synchronized strengthening trend, with Ethereum successfully breaking through the downward trend line that has suppressed the market since May, opening up the upside space. #特朗普Meme币涨7.9% #美伊谈判第一轮结束 #Gate直通韩股股票 $ETH $BTC