6.266.26 Coin Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference

Last night, Ethereum's market once again tested the previous low levels and rebounded, but unfortunately, the subsequent upward movement failed to break through, and the trend still maintains a volatile pattern. Currently, the price is stuck around 1562, with a strong bearish atmosphere in the intraday market. In the 4-hour cycle, the Bollinger Bands maintain an opening downward, and the price directly broke below the lower band, indicating that the medium to long-term downward channel is completely open, with the first strong resistance level above at the Bollinger middle band at 1620, and further up at 1700 is a heavy pressure zone. The 4-hour MACD dual lines are firmly below the zero axis, with green bars continuously increasing, indicating that the downward momentum has not yet finished; the RSI value is 35, nearing the 30 oversold boundary, indicating a slight rebound demand in the short term, but this is just a repair during the downtrend, not a reversal signal.

In the short-term cycle, the market shows differentiation; the KDJ index J value has surged to a high of 84 and is about to form a dead cross and fall back, with extremely limited rebound space in the short term. The 1-hour MACD has already turned into a small red bar, just a weak rebound after overselling, and do not mistake it for a bottom reversal to heavily accumulate positions. Although there has been a slight net inflow of over sixty million in funds for bottom fishing, this amount cannot withstand the overall market selling pressure, and in the short term, one can only engage lightly and rapidly to catch a rebound, as the overall trend still remains bearish. When the price rebounds to touch the resistance level, that will be our opportunity to move southward. Follow Mr. Coin to grasp the market rhythm in real time.

6.26 Ethereum Short-term Reference:

Go short above 1585 (conservatively up to around 1620 resistance), defend at 1780 with a top-up, target below 1530,

Go long below 1480, with a stop loss of 50 points, target above 1520,

Messages may be delayed, strategy suggestions are for reference only, market conditions change rapidly, regardless of how high your judgment is on the market, take profit and stop loss must be managed well, securing profits is safe

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