The current focus of the Crypto Assets market is on the afternoon's Rebound trend, with key points around the resistance level of 4400. If it can firmly stay above this level, a short-term rise trend is expected to start, and investors can gradually follow resistance levels such as 4467, 4521, and 4575. However, if the strength of the Rebound is insufficient to break through 4400, the market may face the risk of falling again.


In the case of a pullback, market participants should closely follow the previous low of 4277. If this level is broken, the next support levels may test 4220, 4161, and 4110. From a longer-term weekly perspective, important support levels are at 4180, 4060, and 3870, while resistance levels are at 4570, 4670, and 4795.
Overall, if the 4400 resistance level cannot be broken, the market is likely to enter a bottom range of fluctuations. What is even more concerning is that if it further falls below the previous low, it may trigger a new round of decline.
It is worth noting that the current market conditions are closely related to the implementation progress of the Ethereum staking withdrawal mechanism. At the same time, investors are also closely following when the altcoin market will welcome a new round of pump cycles. These factors will have a significant impact on the future direction of the market.
In this complex market environment, investors need to stay vigilant, closely monitor the changes in various key price levels, and make prudent investment decisions in conjunction with macro factors.
MAY-0.42%
IN0.77%
MORE-1.62%
ETH-1.15%
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