On the 26th and 27th, the US and Iran carried out two rounds of “mutual fighting,” and the flames of war have been reignited! The 60-day “Memorandum of Understanding” between the US and Iran has long been shattered; both sides treat it only as a tool to catch their breath and have no intention of making concessions to each other.

All of the current signals of easing by the US and Iran are merely delaying and stockpiling strength. Their core demands are completely opposed (toll charges for the Strait, proxy-armed forces, nuclear issues, unfrozen assets, etc.), and there is no room for compromise. In the short term, both sides will keep the scale of conflict under control to avoid an all-out war, but the “mutual fighting” will only escalate wave after wave (there have already been two rounds so far).

“Trump threatens that Iran may no longer exist; Iran threatens that US military bases in the Middle East will experience hell.” Any further negotiations between the US and Iran are doomed to fail! On the 28th and 29th, in the early session, ETH broke out of a “resistant decline” pattern. The reason is that after a “sharp drop,” spot funds are rushing in to buy the dip, but everything is futile—logically, it does not support a rebound. A new round of decline has already begun; whether it’s 1500 or not, it still needs to be broken.