2025/6/3 ETH Morning Analysis

As of today (June 3), ETH is priced at 2599, having once reached around 2645 before retreating, currently oscillating within a key range.

Technical Chart Structure Analysis (4-hour chart)

Oscillation Structure

ETH's recent trend overall displays a range-bound oscillation pattern, with resistance concentrated in the 2650-2700 range and support located in the 2500-2550 range. Currently situated in the upper part of the range, the direction has yet to clearly break through.

Support/Resistance Area

Main Support Area: 2500-2550

First Resistance Area: 2650 (short-term significant resistance)

Key Resistance Above: 2700-2750 (if effectively broken, a new upward space will open up)

Trading Volume:

The trading volume has not significantly increased, indicating that capital is not aggressively targeting the current price, and market sentiment is heavily wait-and-see.

Indicator Reference (Stoch RSI):

Stoch RSI has entered the overbought area ( >80), indicating short-term pullback pressure;

If it maintains high-level oscillation or forms “dullness” during the pullback, there is potential for further upward movement.

Depth Chart (Order Flow) Observation

Through deep heatmap analysis:

A large number of buy orders are concentrated around 2500, serving as a key short-term support;

There is significant sell order pressure in the 2650-2670 range, requiring substantial active buying to break through;

If the breakout fails, prices may retreat again to the 2550-2500 area for accumulation.

Operational Strategy Suggestions

Bullish Outlook:

Support Pullback to Go Long: Wait for price to stabilize in the 2550-2570 range before entering.

Breakout Following Long: If a strong breakout occurs at 2650 with significant volume, consider following long positions, targeting 2700-2750.

Bearish Outlook:

Resistance Pressure to Go Short: If the price repeatedly hits around 2650 without breaking, consider attempting a short position, targeting 2550.

ETH is currently oscillating at the upper edge of the key range. Although there is upward momentum in the short term, overbought conditions and significant resistance pressure are evident. Today is likely to continue the range consolidation of 2550-2650, and attention must be paid to whether there will be a volume breakout at the key level.