Article published on 2025.6.28—14:00

After a rapid rise to 2448 in the early morning, the price quickly fell back to 2387. Currently, the price is fluctuating around 2420. Friends who followed the short-selling strategy last night could easily achieve a profit of seventy to eighty points.

Looking at the daily chart, the price is repeatedly fluctuating at a high level, with K-lines frequently showing long upper shadows, and the rebound highs gradually decreasing, indicating that the bears are in control. On the 4-hour chart, there is continuous high-level fluctuation, with the Bollinger Bands narrowing, entering a consolidation phase. The price lows are moving down, but there is support below, leading to increased volatility. Due to light trading over the weekend, it is expected that the intraday market will mainly be characterized by fluctuations. It is recommended to look for short-selling opportunities during rebounds in intraday operations.

Afternoon operation suggestion for ETH: Short at 2430-2450, targeting around 2390.

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