$ETH Small missile incoming~


Today, the overall market is under pressure. The escalation of the geopolitical conflict between the US and Iran, together with rising expectations of further interest-rate hikes by the Federal Reserve, has pushed major coins across the board into weakness. Funds are clearly concentrating into Bitcoin for risk hedging, and the market is still in a stock-based, zero-sum contest.
Ethereum’s price action is fully following BTC, with no independent positive catalyst. Looking at on-chain data, TVL and Gas fees continue to trend downward. The positive takeaways from the EthCC conference have already been fully digested in the earlier period, and the ETH/BTC exchange rate remains in a falling channel.
In the short term, there are no signs that the US-Iran conflict will ease. Risk-averse sentiment continues to heat up, and the overall setup remains bearish.
Keep up with the pace—don’t keep watching, and don’t miss out again! #Gate6月透明度报告
ETH3.86%
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StableZhengGoldCoin
· 07-14 11:55
Just go for it 👊
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