6.1 ETH Early Morning Analysis

Net Inflow: -2.5416 million (capital outflow)

High/Low: 2589.85 / 2475.33

News: ETH spot ETF data is better than BTC, with signs of sentiment warming up

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1. Bollinger Band Analysis

Upper Band: 2755.78

Middle Band: 2613.44

Lower Band: 2471.11

Currently, ETH is between the Bollinger lower band and middle band, with multiple tests of support around 2470, showing signs of stabilization in the short term.

2. K-line Pattern

After a continuous decline, there is a slight rebound and consolidation, with initial signs of a bottom formation.

If it can stabilize above 2500, there may be a short-term challenge to the middle band resistance.

3. Trading Volume

Volume is relatively low, with a strong wait-and-see atmosphere.

If the rebound is accompanied by increased volume, the rebound will be more sustainable; otherwise, it will mainly be a technical correction.

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Impact of News

ETH spot ETF data is better than BTC, boosting market confidence and providing short-term support for ETH.

However, the overall market liquidity remains tight, and sustained increases will require more positive news.

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Long Position

If it stabilizes in the 2480~2500 area, consider trying a light long position, with an initial target of 2613 (Bollinger middle band).

Confirmation Signal: If it breaks through 2613 with volume and stabilizes, increase the position towards the 2680~2730 range.

Short Position

Range: If it rebounds to 2600~2620 and meets resistance without breaking through, and volume does not significantly increase, a short position can be taken in this area, targeting a return to 2500.

Breakdown Short: If it effectively breaks below 2470, bears may continue to probe down to 2400~2350.

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Summary in One Sentence:

The short-term bottom oscillation pattern for ETH is clear, with 2500 being a key watershed; stabilization may lead to a rebound, while a breakdown may lead to further probing of the bottom.