Analysis: The downward trend of Ethereum has not ended, and the leverage level remains high.

PANews June 23 news, according to Matrixport analysis, although Bitcoin is attempting a rebound, seasonal patterns indicate a lower likelihood of sustained breakthroughs. To maintain technical validity, Bitcoin needs to stay above $105,000. However, greater concerns lie with Ethereum, where margin traders have driven up prices without fundamental support. Currently, Ethereum's price is mainly driven by futures holdings, which makes it susceptible to further declines. In the past few days, Ethereum has experienced significant falls, and the leverage levels remain high, increasing the potential risk of price pressure.

ETH-5.22%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
AetherFallsIsComingvip
· 06-23 08:02
Just go for it💪
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)