【ETH Short-Term Analysis, Trend Analysis on June 4th Early Morning】
After a continuous rebound in the 4-hour chart, an adjustment is welcomed, and the short-term trend enters a sensitive window.
🔍 Chart Observation:
The BOLL channel is opening upwards, and after the price touches near the upper track, it retreats, indicating that there is some resistance in the short term;
After the MACD double line golden cross, the bullish bars continue to expand, but have begun to shrink, showing a slight decline in momentum;
Currently in the 2580-2690 oscillation range, the upper resistance has not been completely broken.
📉 Key Levels:
Short-term Support: 2600 / 2585 (if it breaks down, it may retest around 2550)
Upper Resistance: 2675 / 2690 (this is the previous high resistance area, breaking through would open up upward space)
📈 Trading Strategy:
If ETH short-term retraces near 2600~2585 and stabilizes, consider trying a long position with a light position, targeting 2670-2690, and setting a stop loss below 2560;
If the price rebounds to around 2670~2690 and faces resistance, consider a short position layout, targeting 2620, and setting a stop loss above 2705.
Summary: The short-term bias is slightly bullish oscillation, but approaching the pressure zone is not recommended for chasing higher, it is advised to sell high and buy low + quick in and out as the main strategy.