ETH

Recently, the situation in the Middle East continues to influence gold prices. ETF demand is gradually warming up, and gold has broken below the 5,000 mark. Part of the capital has rotated into the crypto market, showing strong momentum over the past week with eight consecutive positive days.

Currently, this morning opened with a large bullish candle pushing toward 2400 but failed to break through. While there may be some pullback demand in the short term, the magnitude won't be too large. Both support and resistance levels are moving higher in sync. Before the trend changes, as long as this red zone holds, the next target can be seen at 2400 - 2600.