On July 7th, U.S. equities extended their robust recovery from April lows amid a prevailing “Goldilocks” economic environment, which bolstered market risk appetite significantly. The easing of trade tensions alongside progress on the OBBBA bill catalyzed a swift capital influx into high-risk assets, propelling the S&P 500 and Nasdaq to fresh record highs. Despite this bullish momentum, market strategists caution that excessive optimism may mask underlying volatility risks, urging investors to exercise prudence.
According to Bitunix analysts, Ethereum (ETH) is currently exhibiting a sustained high-level oscillation pattern, supported by favorable macroeconomic conditions. ETH experienced a substantial retracement near the 2275 price zone before initiating a rebound, now facing resistance within the 2571–2600 range. This range acts as a critical short-term barrier, while the 2275–2300 zone remains a key liquidity support level where bulls have regained control. Resistance levels at 2600 and 2670 suggest continued price consolidation, with a potential test of 2773 if upward momentum persists. Traders are advised to focus on interval trading strategies and avoid chasing breakouts to mitigate risk.