6.6 ETH Analysis
Weak Fluctuation Repair After Short-Term Plunge
Currently, ETH has fallen from around 2640 to the 2380-2420 area. The short-term oversold rebound momentum is limited, and the bearish structure has not yet reversed.
Multi-period MACD remains in the bearish expansion zone, BOLL's middle track is moving down, and the K-line is operating near the lower track, with rebounds being suppressed.
Operating Direction
🟢 Short-Term Low Long Near 2385-2395
🔴 Rebound Short Position Near 2450-2470
🚫 Wait and See If it breaks below 2335 It is not recommended to catch the bottom Wait for stabilization after a new low If it accelerates below the level, then continue to look bearish in line with the trend.
Brief News Summary
Today's market is under overall pressure, mainly due to: BTC leading the decline, continuous outflow of on-chain funds (ETH net outflow of 144 million USD), combined with a weak opening in U.S. stocks, leading to a decrease in risk appetite.
Currently, there are no obvious signs of fund inflow for ETH, and the short-term rebound is still of a repairing nature.
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Summary
In the short term, ETH is in a weak rebound range after a plunge, and the overall trend remains bearish.
In terms of operations, the main strategy is to short at highs, while lightly buying at lows to capture rebounds.
If it recovers above 2480 with volume, then consider turning bullish; otherwise, any rebound is merely a wave to escape.
