Crypto Circle Academician: On June 17, Ethereum bulls made a feint to lure in buyers, but in reality, it was a trap! After a false breakout, it will inevitably return to the channel! Latest market analysis and reference suggestions.

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8 hours ago

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I am a scholar in the cryptocurrency circle, a warrior who has always been protecting the retail investors. I wish my fans financial freedom by 2025. Let's work hard together!

Scholar in the cryptocurrency circle: Ethereum (ETH) latest market analysis reference on June 17, 2025.

The current price of Ethereum is 2535. It is now 1:30 AM Beijing time. The weekly chart opened on Monday and has been moving in one direction. Whether the weekly chart will show a long upper shadow again is uncertain. You can give yourself a few chances to test the high positions and go south; if you are right, hold on; if wrong, exit with a small loss. The target for going south is not hard to find, as it has been consolidating around 2500 for five consecutive weeks and has tested the EMA30 support at 2485, so this can be used as a target for going south.

Before the article was published, the daily K-line reached a high of 2656 and a low of 2513. The EMA trend indicator is still contracting, and the upward alternating expansion trend is blocked. There is only one last moving average left to end the expansion trend. The MACD has been continuously diverging with decreasing volume, and the DIF and DEA are getting closer to the 0 axis. The upper pressure level of the Bollinger Bands formed by a long period of consolidation is 2780, and the lower support is 2400. It is highly likely that it will continue to expand upward.

The four-hour K-line has moved from 2500 to the next consolidation point around 2600. The K-line is currently at a short-term high. The EMA trend indicator is contracting, and the market is densely packed with chips. Additionally, the MACD has been continuously increasing in volume, but the DIF and DEA are still below the 0 axis. The short-term stretch indicates that the bulls are trying to break the bearish momentum. A consolidation area has formed around 2620. If the K-line breaks the upper Bollinger Band at 2635, it won't be long before it returns to the channel. Therefore, consider testing the south position around 2620; if it breaks above the 2680 pressure level, consider stopping loss.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop losses. Safety first, small losses, and big profits are the goal.

South testing points: 2620 to 2640, with a defense at 2660, stop loss of 30 points, target looking at 2580 to 2550, and if broken, looking at 2520 to 2480.

North testing points: 2470 to 2450, with a defense at 2420 short, stop loss of 30 points, target looking at 2510 to 2550, and if broken, looking at 2580 to 2630.

Specific operations should be based on real-time market data. For more information, you can consult the author. The article may have a delay in publication, so it is suggested for reference only, and risks are borne by the reader.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions may not be real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Don't let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop losses and take profits for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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