Binance Circle Li Ying: 6.19 Ethereum (ETH) Latest Market Analysis and Operational Suggestions

Family, the current price of Ethereum is 1690, after reaching a high of 1848 it has retraced, now falling below the lower Bollinger Band, both bulls and bears are on the sidelines. Some want to buy the dip for a rebound, while others fear further declines and want to short; how to choose? Li Ying will break down the technical indicators clearly! Look at the details: EMA7 at 1717 is the short-term ceiling; when the price touches it, it falls back; after the MACD dead cross, the green bar turned red and elongated, indicating the downward momentum persists; after breaking the Bollinger Band lower limit of 1691, the price did not quickly recover, indicating support turned to resistance. But be cautious, after continuous declines there is overselling, a technical rebound may occur anytime, so don't blindly short and don't rush to catch the bottom.

Short-term reference:

For buying at levels 1660-1630, exit if it drops below 1600, target 1700 aiming for above 1750.

For selling at levels 1700-1750, exit if it breaks above 1780, target 1650 aiming for below 1600.

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