#ETH The three major indices fell collectively overnight, with the Nasdaq falling 0.89%, the S&P 500 falling 0.21%, and the Dow falling 0.16%. Large-cap tech stocks fell collectively, with Apple falling more than 4%, Tesla falling more than 3%, and Nvidia falling more than 1%. Robust retail sales figures released last night showed strong economic demand and further reinforced the Federal Reserve's cautious stance on interest rate cuts this year. The encryption market saw a night-time rise and a consolidation during the day. Some AltCoins continued to strengthen, including XRP, HBAR, DOGE, XLM, ADA, AGLO, AAVE, CRV, and SUI. Among them, the rise of XRP is the most eye-catching!

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After probing the 97300 level in the late session, Bitcoin quickly rebounded to the 100,000 mark in the midnight, but did not break through the previous high. Currently, it has been fluctuating around 100,000, showing signs of a rise before the price increase. However, these pullbacks are usually quickly repaired. Taking Monday of this week as an example, Bitcoin closed with a bearish candle, but immediately reversed to a bullish candle the next day. These signals indicate that the recent adjustment period has successfully ended, and market participants generally hold an optimistic attitude. Yesterday, Bitcoin's bottom rebound once again strongly broke through the $100,000 mark, not only demonstrating the strong upward momentum of Bitcoin, but also indicating that in the subsequent market, Bitcoin still has sufficient upward space, with attention to the breakthrough level at 102,200, progressing to 105,000-108,000.
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Ethereum has once again emerged from a slump, probing the 3260 support level twice overnight and rebounding to 3370, only to fall back to the 3300 level. From the current market situation, although the extent of the fall in the evening exceeded expectations, the rebound was equally rapid, and the support below is still acceptable, not indicating a trend reversal. Moreover, considering the hourly chart, with the recovery from the evening's probe, the selling volume has basically been exhausted, and the current market is gradually stabilizing. It is expected that the bulls will further regain lost ground, with focus on the phased tests at 3350-3420-3480-3550.