Ethereum's hourly chart shows a continuous consolidation, with repeated bounces near 1550 without breaking down. However, it cannot be directly attributed to structural buying support at 1550; the bigger reason is the extremely strong performance of the U.S. stock market over the past two days, with the Nasdaq 100 rising nearly 4% in two days. Almost all external markets have seen significant gains, while the crypto market has repeatedly retraced to support levels. If external markets perform poorly, the previous retracements would likely have broken down. Therefore, it is still necessary to be cautious toward the crypto market, which remains in a bear market.#Gate完成141只股票股息派发

ETH2.92%
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LiquidityBarista
· 1h ago
The periphery breaks as soon as it's slightly off, this support level is like paper, cautious +1.
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TheTreeInTheCenterOfMistValley
· 1h ago
US stocks can't drive ETH, indicating that funds haven't flowed back into the crypto space yet. Wait a bit longer.
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ColdWalletLeftInTheAir
· 2h ago
1550 held on, but the heart didn’t—Nasdaq jumped 4%, while crypto is still stuck in place.
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GateUser-ced0257a
· 2h ago
Gate pays dividends quite steadily, but in a bear market, stock tokens also have to follow the market's mood.
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0XNightRun
· 2h ago
Structural buying? I think it's just the US stocks giving face, a mere face-saving project.
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