Scholar from the cryptocurrency circle: Is the rebound of Ethereum (ETH) on June 28 a feast for the South? Latest market analysis reference

　　The current price of Ethereum is 1591. The daily K-line is currently in a clear downward channel, having broken below the support area near the lower Bollinger Band. The EMA15/30/60 shows a typical downward arrangement, with moving averages pressuring from above. Although the MACD indicator has turned upward below the zero axis, showing a weak red bar, the DIF and DEA remain glued at low levels, indicating insufficient rebound momentum, likely representing a weak recovery in the downward process. The key support below is at the 1503 level, and if this level is lost, the downward space will further open up. The first resistance above is near 1700, which is the middle track position of the Bollinger Band, making it difficult to see strong reversal signals in the short term.

　　The four-hour K-line has been continuously moving downward along the EMA15 and EMA30 recently, with the moving averages fully aligned downward. The rebounds have consistently been pressured by the EMA30, with lower highs forming a clear downward trend line. After a brief golden cross below the zero axis, the MACD's red bars have continued to shrink, and there are signs of a second death cross, indicating a depletion of rebound momentum. The Bollinger Band is in an open state, with prices running along the lower track. 1591 is at the lower edge of the recent fluctuation range, and 1503 is an important support level for this downturn, having been tested multiple times without breaking. If it can stabilize here, a short-term rebound is expected, otherwise, the downward trend will continue.

　　Short-term reference:

　　If the lower range of 1520 to 1470 does not break, aim to go up, with a stop loss of 50 points and a target of 1570 to 1620.

　　If the upper range of 1660 to 1700 does not break, aim to go down, with a stop loss of 50 points and a target of 1600 to 1550.

　　Specific operations should be based on real-time data from the market. For more detailed information, you can consult the author. There may be delays in the publication of the article, and it is advised to consider it for reference only, with risks taken by oneself.

Friendly reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully, thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。