U.S. Stocks Reach New Highs Amid Easing Trade Tensions 20% Gain Since April

In the midst of a bullish economic outlook, the U.S. stock market has shown a robust recovery from its April lows, with both the S&P and Nasdaq indices reaching new highs. This surge in market optimism is driven by easing trade tensions and the progress of the OBBBA bill, which has led to a significant inflow of funds into high-risk assets. However, analysts caution that the market's current optimism may be excessive, and potential volatility risks remain, urging investors to exercise caution.

Bitunix analysts note that Ethereum (ETH) is currently exhibiting a high-level oscillating pattern amidst this macroeconomic optimism. From a daily chart perspective, ETH has completed a deep retracement in the 2275 range and has begun to rebound. However, it is currently constrained by the 2571–2600 minor range resistance, with no effective breakthrough yet. The 2275–2300 range below serves as a high-liquidity support area, where short-term bulls have regained control after a retracement to this area. The short-term resistance above is at 2600 and 2670, and the price may continue to consolidate within this range. If a successful breakthrough occurs, it may test the 2773 resistance level. Overall, range-bound operations are still the main approach, and investors are advised to avoid chasing highs.