$ETH Yuanbao Evening Analysis

Today $ETH broke through the major threshold of 2000, dropping from 2038 to 1980, with a direct large bearish column. What are the reasons for the continuous decline?

1. Trump announced a ten-day delay in striking Iran

Trump's actions are always unpredictable. If Trump's military preparations are completed, he will announce that Iran is not sincere in negotiations. Before the war ends, market vigilance will increase, making the risks of going long greater than going short.

2. Cryptocurrencies are very sensitive to global risks

The ongoing uncertainty of the Iran conflict, along with heightened tension and fear, will lead most to sell high-risk assets first.

3. Options expiration

Today, there are 15 billion dollars worth of options to be settled, and whales and large holders are selling off.

Tonight, Ethereum will experience range-bound fluctuations, with a small rebound but weak momentum, making it difficult to break through key resistance. If the support level of 1980 is broken, it will continue to decline.

⚠️ Will there be a reversal after the U.S. stock market opens?

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