Cryptocurrency Scholar: Has the key signal for Ethereum (ETH) appeared on June 23? Latest market analysis reference

The current price of Ethereum is 1740. To be honest, the ETH market is very clear right now: daily line showing weak pressure, four-hour short-term correction, a typical fluctuating structure washing out positions. The market will never follow human nature; when you are greedy, it is the time to be harvested. Focus only on certain short-term markets, follow up on breakouts, leave the market immediately if it breaks down, do not fantasize, do not hold positions, and do not hesitate. Trading has no luck, only probabilities and risk control; keeping to the rules is the only way to eat steadily in the long term.

The daily K-line is running below the EMA15, with EMA30, 60, and 90 showing a typical downward arrangement. The medium to long-term downward trend remains unchanged. Although the downward momentum of MACD is weakening, it has not fully reversed. The middle track of the Bollinger Band continues to decline, with prices running close to the lower track, overall in a weak fluctuating range. The key resistance above is the Fibonacci 78.6% at 2242, while strong support below is at the previous low of 1503. There are currently no clear reversal signals, making the weak pattern difficult to change.

The four-hour K-line has stabilized above the EMA15, with EMA30 and 60 flattening out, and short-term downward momentum is obviously weakening. The short-term upward force of MACD is attempting a counterattack. The Bollinger Band's opening is narrowing, with prices fluctuating around the middle track, forming a converging triangle consolidation pattern. Initial resistance above is at Fibonacci 23.6% at 1730; after breaking, it is expected to test around 1870. Support below is at the Bollinger Band's lower track at 1696. If it breaks down, it may test the low point of 1503 again. The short-term competition is intense, in a weak rebound phase after a decline.

Short-term reference: Safety first; remember that market conditions are never 100% certain, so always set proper stop-losses. The target is to take small losses and large profits.

If the price does not break 1700 to 1650 on the upside, stop-loss at 50 points, target from 1750 to 1800.

If the price does not break 1790 to 1830 on the downside, stop-loss at 50 points, target from 1750 to 1700.

Specific operations should be based on real-time data from the market. For more information, please consult the author. The publication of the article may have a delay, and the suggestions are for reference only; risk is to be borne by oneself.

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