Coin Ocean Wave: 6.15 Latest Market Analysis Reference for Ethereum (ETH)

Coin Ocean Wave: 6.15 Ethereum (ETH) Market Analysis Reference:

Ethereum experienced a rebound early in the morning, with the current coin price fluctuating narrowly around 1720. From the daily chart, the price is currently operating below the middle track of the Bollinger Bands but has left the previously oversold area. There are signs of stabilization in the short term. In the MACD indicator, the DIF line has turned upward from a low position, crossing above the DEA line, and the histogram has shifted from negative to positive, forming a golden cross expectation, indicating a significant reduction in bearish momentum, and bullish power is starting to be released. The three lines of KDJ have formed a golden cross in the oversold area and are diverging upward. Although the J line has entered the overbought area, the overall trend remains upward. The RSI indicator has also rebounded from the low position, showing short-term bullish momentum. However, the EMA moving average system is still in a bearish arrangement, with the price pressured by the 15-day EMA (1748). The medium to long-term trend has not yet reversed, currently leaning more towards a rebound repair after a downturn, with the key resistance level above near the middle track of the Bollinger Bands and 20-day EMA (1788). If it cannot break through effectively, there is still a risk of a second bottom test.

In the short cycle 4-hour chart, the rebound trend of Ethereum is more apparent. The price has currently stabilized above the middle track of the Bollinger Bands (1680), getting close to the upper track, while the Bollinger Bands are expanding. A short-term upward channel has opened. In the MACD indicator, the fast and slow lines have formed a golden cross, with the histogram continuously increasing, indicating sufficient bullish momentum. The KDJ indicator's three lines are in the high area, showing some overbought pressure in the short term, which may lead to slight corrections. The RSI indicator RSI1 has entered the overbought range, also suggesting a need for short-term adjustments. The EMA moving average system shows a bullish arrangement, with the price steadily moving up supported by the 7-day EMA (1705) and the 15-day EMA (1690). Support is in the 1700-1680 range, while resistance is near the previous high at around 1733. If broken, it is expected to challenge the daily middle track resistance further. Overall, the rebound momentum in the 4-hour cycle is still present, but the overbought signal indicates that short-term consolidation may occur first. It is advised not to blindly chase highs in operation and to consider shorting when encountering resistance at the pressure level.

Coin Ocean Wave: 6.15 Ethereum Short-Term Reference:

Short Position: Sell in the 1790-1745 range, stop loss 30 points, target at 1725-1685,

Long Position: Buy in the 1655-1690 range, stop loss 30 points, target at 1705-1755,

【The above analysis and strategies are for reference only. Please take risks on your own. The publication of the article may have delays; strategies lack timeliness and do not blindly operate】

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