6.9 Ethereum Market Analysis

Ethereum closed above 2700 in May, and the market has been sluggish this month, unable to break through the 2800 level. After a two-day consolidation, the four-hour Bollinger Bands have narrowed. The MA moving averages have formed a downward trend at Monday's opening, and when the naked K touches the upper band, it will be an opportunity for short positions. For short-term support, watch 2440; if it breaks, the next target is 2380. The attached MACD shows a golden cross with low volume that can be released, and the technical KDJ indicates a high position dead cross decline. Overall, there is a strong bearish sentiment for Ethereum during the day, and it is recommended to follow the trend.

Trading Suggestions: Current price 2520-2540, short in batches

Target: 2450-2380

Risk Control: 2560