ETH

Recently, precious metals have continued to be affected by Middle East tensions. ETF demand has gradually warmed up, and gold has broken through the 5,000 mark. Some capital has rotated into the crypto market, which has shown strong momentum with eight consecutive green days over the past week.

Currently, early this morning saw a large bullish candle attempting to push toward 2400 without success. While a short-term pullback is needed, the magnitude won't be too large. Both support and resistance levels are moving up synchronously. Before the trend changes, if this red zone holds steady, the next target of 2400 - 2600 is within sight.