Cryptocurrency Scholar: The Clash of Ethereum's Monthly and Daily Trends on June 1! How to Break the Trend Reshaping? Latest Market Analysis Reference
The current price of Ethereum is 2540. It is currently 1 a.m. Beijing time, and heading south can begin. Prepare for defense, maintain stop losses, and given that the monthly closing plus the weekend suggests that the market will not experience significant fluctuations, it can be quite torturous for impatient cryptocurrency friends. Without major favorable news, there won't be much volatility at the beginning of this month, so operations can be more flexible. As long as risk control is done well, quick in-and-out trades can be executed.
Looking at the daily candlestick, the highest was 2550, and the lowest was 2474. The candlestick has already broken below the EMA15 trend first at 2540. Now the market is consolidating at this position, indicating effective resistance. The EMA trend indicator is alternating and expanding, while the trend is contracting. The EMA 0.382 Fibonacci support point at 2425 has not yet been reached. There is a high probability of retesting the bottom during this short-term consolidation. The MACD shows a bearish trend with top divergence and volume shrinking. Coupled with DFI and DEA spreading downwards from a high position, the candlestick breaking below the middle band at 2565 confirms the bearish trend. The middle band is a key focus, with the lower band support referenced at 2440. The strategy is to open short positions when encountering resistance.
After breaking below the EMA120 support at 2495, the four-hour candlestick quickly retraced to the vicinity of EMA90 and consolidated, indicating that this position at 2540 is an effective pressure point for testing positions. The MACD continuously shrinks in volume, and both DIF and DEA are spreading below the zero axis, indicating a valid short position. The candlestick has left the lower band of the Bollinger Bands at 2470, moving to consolidate below the middle band at 2600. Cryptocurrency friends opening short positions should prepare for defense and maintain stop losses. If stopped out, it is not a loss; opportunities to test positions can be sought again. The strategy is to mainly follow the trend and open short positions at high levels. Cryptocurrency friends wanting to open long positions are temporarily advised to wait, as the timing has not yet arrived. Achieving large profits with small stop losses is the goal.
Short-term reference: Safety first. Remember that the market is never 100%, so always maintain good stop losses. Safety first; small losses for big gains is the goal.
For northern position testing, points are between 2420 and 2400, with defense at 2380, stop loss 30 points, and targets looking at 2470 to 2500, breaking positions to look at 2530 to 2580.
For southern position testing, points are between 2620 and 2600 short, with defense at 2650 short, stop loss 30 points, and targets looking at 2550 to 2500, breaking positions to look at 2450 to 2410.
Specific operations should be based on real-time market data. For more information and details, you can consult the author. There may be delays in article publication, and the advice is for reference only. Risks are borne by the individual.