📍#ETH Technical Analysis (2025/06/06)
Is there a strong bearish raid today? This bullish-bearish price level summary is well-organized, please save it directly ✅
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【Daily 1D】
Trend: Potential bearish formation → If short-term continues to fall, it may officially indicate a downward trend; however, the current bullish trend has not completely collapsed, and there is still a chance to test the pressure area again.
🔻 Short position:
🔺 Cover shorts: 2530 (initial resistance), 2565 (best), 2616 (major resistance), 2642 (final resistance)
⬇️ Breakout chase: 2323
🛑 Stop loss: 2680 (breakout turns bullish)
🎯 Take profit: 2197, 1898, 1600
📌 Additional observation:
MACD death cross expanding, RSI rapidly declining; if it breaks below 2400 today, a drop to 2300 will have a high possibility.
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【Four hours 4H】
Trend: Bullish structure broken → Bears have indicated, and there is a chance to rebound and test the upper short-covering point; currently, the technical aspect has entered an oversold state.
🔻 Short position:
🔺 Cover shorts: 2530 (initial resistance), 2565 (best), 2616 (major resistance), 2642 (final resistance)
⬇️ Breakout chase: 2323
🛑 Stop loss: 2680
🎯 Take profit: 2197, 1898, 1600
📌 Additional observation:
MACD death cross with volume, RSI has entered the oversold area, a short-term rebound correction may occur → Observe if the rebound touches resistance and falls back.
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【One hour 1H】
Trend: Bearish formation has been indicated, reaching TP2, MACD divergence, recommend adjusting the stop loss for short positions.
🔻 Short position:
🔺 Cover shorts: 2423 (major resistance ✅), 2429 (final resistance ✅), 2434 (last)
⬇️ Breakout chase: 2381
🛑 Move stop loss: 2450
🎯 Take profit: 2514✅, 2436✅, 2358
📌 Additional observation:
Short-term bearish momentum is strong, but the divergence structure is forming, it is recommended that conservatives wait for a pullback to the pressure area before continuing to short.
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【Summary of operations】
📉 All-time frame turns bearish → Clear advantage for bears
⚠️ If it rebounds to the 2530～2642 range, it provides a good short-covering opportunity
⚠️ 1H has been oversold → Be cautious when chasing shorts, observe if divergence rebound occurs
📌 Suggestion: Short-term short positions can continue to hold → Wait for a rebound to add shorts more securely
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