$ETH Currently, ETH is in a rebound process, and 1640 is a clear resistance level.

Structurally, this area is a high-volume zone where multiple previous rebounds failed. There is significant overhead supply (held by trapped longs). Once the price returns here, short-term capital tends to take profits and exit, creating selling pressure.

At the same time, this level is also the lower edge of the previous downtrend's central zone, a typical "pullback resistance zone."

If ETH cannot break through 1640 with strong volume, it will likely oscillate and pull back to retest the support below. Only after a firm hold above 1640 with volume will there be an opportunity to open further upside space.

Summary in one sentence: 1640 is key resistance; without a volume-driven breakout, it is prone to oscillate and retrace. #Circle股价重挫17% #USD1链上质押享年化8.26% #欧盟MiCA监管条例7月1日生效