On June 5th, a short-selling strategy near Ethereum 2660 was publicly provided. It has once again reached the target level near 2550. After experiencing a day of fluctuations, it successfully arrived at the target, yielding over 110 points of profit. I believe that friends who follow the article have gained something, which also validates the saying that good things take time. $ETH

Li Shengting: 6.5 Ethereum Market Analysis and Trading Strategy

Tonight, after Ethereum dropped to around 2600, the bulls once again surged to around 2670. From the daily technical indicators, the KDJ indicator remains in a high-level oscillation, while the MACD indicator shows signs of a decrease in bullish momentum. The BOLL indicator shows the price closely adhering to the middle track, but has not triggered a bullish surge. Currently, the MA5-day moving average and MA10-day moving average show signs of a downward trend. Additionally, today's daily closing volume (VOL) has noticeably weakened, and the RSI indicator is in a downward posture. Therefore, we still anticipate a downtrend during the early morning, with key resistance levels to watch: the area around 2680-2732.

From the 4-hour technical indicators, the KDJ indicator shows the three lines turning downwards, while the MACD indicator presents a downward crossover at the bottom. The BOLL indicator is oscillating in the middle track area, with the DIF and DEA indicators moving downwards together. The MA three-day moving average is in a bearish arrangement. I personally expect that during the early morning, the price is likely to experience oscillation and decline.

Ethereum: Short near 2660-2685 with stop loss at 2732 and target down to 2550.

Bitcoin: Short near 105000-105800 with stop loss at 106700 and target down to 103000.

The above is my personal market analysis for the early morning. Specific points and directional changes will be based on real-time guidance: $ETH

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