Coin Circle Li Ying: 6.18 Ethereum (ETH) Latest Market Analysis and Trading Suggestions

 Dear friends, the current price of Ethereum is 1777, and it has been hovering between 1760 - 1790 these days. The bulls want to push upwards, but there is significant resistance above; the bears want to sell off, but there is support below. It is now like a tug-of-war, with both sides in a deadlock, waiting for a signal of a breakout in one direction. We need to stay alert and not be fooled by false moves! The EMA7 moving average is very close to the current price, and the medium-term trend has not deteriorated. The MACD shows a short-term momentum leaning bearish, but it has not yet reached the dead cross deep water area. The middle track of the Bollinger Band at 1783 is a resistance level, with the upper track at 1808 and the lower track at 1757 bounding the price. It is currently fluctuating below the middle track; if it breaks below the lower track, it could accelerate the decline; only by stabilizing above the middle track can there be momentum for a rebound.

 Short-term Reference:

Trade long in the range of 1760-1730, exit below 1700, with a target of 1850 aiming above 1900

Trade short in the range of 2000-2050, exit above 2100, with a target of 1950 aiming below 1850

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