6.29 Auntie: The 1600 level is completely broken! The trend is weaker than BTC—don’t rush to buy the dip



$ETH
Entry: Around 1580-1600, watch 1630, then look for 1500-1450

On the macro front, it follows the same logic as BTC. The Federal Reserve keeps a hawkish stance and keeps pushing back rate-cut expectations, while the US dollar and US Treasury yields remain stubbornly high. Auntie is a growth-type, high-volatility asset; with liquidity tightening hitting it harder than BTC, once it falls, the downside could be even more aggressive

Ethereum spot ETFs have posted net outflows for several consecutive days—over $700 million was withdrawn in June. Institutional buy-side support continues to weaken. On top of that, institutions keep transferring coins to exchanges, and potential sell pressure never really stops. With no new funds entering to provide support, if it can’t rise, it can only keep seeking the bottom downwards#BTC下探60000美元关键关口
ETH0.96%
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