Crypto Circle Liying: 6.10 Ethereum (ETH) Latest Market Analysis and Trading Suggestions

　　Family, the current price of Ethereum is 1636. This trend really makes people anxious. From mid-May until now, the price has dropped from over 2300 to around 1600, with hardly any significant rebounds in between, like going downhill without stopping. Now the price is around 1636, and many people are asking if it has bottomed out. To be honest, there are still no clear reversal signals, and the overall trend is still downward. However, in the short term, the drop has been a bit sharp, so there may be a small rebound for a breather.

　　From a technical perspective, the EMA moving average system shows a bearish arrangement, with the moving averages diverging downwards, and the price consistently being pressured below the moving averages, indicating that the medium-term downtrend has not changed. The MACD indicator is operating below the zero line; although the green bars have shortened, the fast and slow lines are still hovering at low levels, showing insufficient rebound momentum. Regarding the Bollinger Bands, the price is running close to the lower band, and although the opening is slightly narrowing, it is still in a downward channel, with the upper band at 1706 constituting strong resistance. Overall, the bearish forces are dominant, and any rebound could be an opportunity to reduce positions rather than a reversal signal. Liying reminds everyone to be wary of false breakout traps.

　　Short-term reference:

　　For long positions at 1630-1600, exit if it falls below 1560, target 1680 aiming for above 1720.

　　For short positions at 1680-1700, exit upon breaking 1730, target 1650 aiming for below 1600.

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