6.13 Ethereum Market Analysis

Ethereum opened lower today, breaking through the Fibonacci support level. It is currently fluctuating near the 2500 mark. The break of support can lead us to focus on the next support point at 2390. The one-hour moving average shows sufficient downward space, and there are no signs of contraction in the Bollinger Bands at the moment. The MACD in the attached chart shows a death cross with continuous volume increase, and the KDJ is in the oversold zone in parallel. Overall, Ethereum has ample space for a pullback, and it is recommended to follow the trend.

Trading Advice: Short in batches at 2510-2530

Target: 2440-2390

Risk Control: 2550