TechFlow news, June 13 — Greeks.Live released a bulletin for the Chinese community stating that the Israel-Iran conflict triggered a market plunge, causing clear divergence in trader sentiment. The bullish camp views this as an overreaction to geopolitical events and expects a short-term recovery, while the bearish side points out that ETH's failure to break above the $2,880 resistance level indicates weakening momentum. Market attention focuses on whether ETH can hold the $2,400 support level, with a breakdown posing a risk of deep correction.
Options traders are actively adjusting strategies to cope with volatility, with some shifting from complex hedges to simpler combinations. The golden cross of the weekly MA5 and MA10 on the ETH/BTC exchange rate is seen as a positive signal, but confirmation requires breaking through resistance levels. After Bitcoin failed three times to surpass $105,000, bearish confidence strengthened, while bulls continue to hold onto their $145,000 target.
