#ETH Last night, the old mi CPI data was released, with the May CPI year-on-year at 2.4% and the core CPI month-on-month at 0.1%. This data has been below market expectations for four consecutive months, undoubtedly injecting a strong wick candle into the market.

The performance of the pancake has attracted much attention, and after reaching a high of 110,000 yesterday, it encountered resistance and pulled back. This trend reflects the strong demand for pancakes in the market. Although there has been a short-term correction, the long-term upward trend remains evident. Ethereum also showed a strong side, with the high reaching around 2870.
With the rise of the market, the varieties in the related sectors have also increased. However, market fluctuations are always inevitable. After reaching a high, the price has retreated, which will test the support level at 105000. If it can successfully hold this level, it is likely that the price will regain its upward momentum; otherwise, it may trigger further adjustments.