May 16th: Ethereum Market and Today's News 🟠 In April, the annual PPI rate in the United States was 2.4%, and the number of initial jobless claims for the week was 229000 🟠 JPMorgan Chase: Bitcoin's upward potential in the second half of the year may surpass gold 🟠 Coinbase suffered data breach, refused to pay ransom and offered a reward of $20 million for the culprit ETH Ethereum has gained support around 2560, and the trend still needs to be adjusted and consolidated for a period of time. Those who hold spot Ethereum do not need to be afraid, continue to hold, and the pullback will not be too large. During the period of Taihe pancake oscillation, the rebound of knockoffs will also be relatively strong. Now continue to search for positions to make long knockoffs. Resistance level: 2700 Support position: 2430