#ETH# The market sentiment shows a clear divergence, with ETH following the 2400 USD support level.

On June 13, the Israeli-Iran conflict triggered a market crash, and traders' sentiment was clearly divided. The bulls believe that this is an overreaction to geopolitical events and expect a fix in the short term; The bears pointed out that ETH failed to break through the $2,880 pressure level, indicating a weakening trend. The market is concerned about whether ETH can hold the $2,400 support level, and if it breaks, it may face the risk of a deep correction. Options traders actively adjust their strategies to cope with volatility, partially shifting from complex hedging to simple combinations. The weekly MA5 and MA10 golden crosses of the ETH/BTC exchange rate are regarded as positive signals, but they need to be confirmed by breaking through the resistance level. After Bitcoin failed to break above $110,500 three times, the bears' confidence grew, while the bulls still held on to the $145,000 target.