Ethereum Market Analysis Reference for June 14th
Yesterday's orders had several positions for both long and short trades that were profitable 🥩. So how should we look at this morning?
The 1-hour chart is currently in a bullish rebound, with the 4-hour chart focusing on the support level of 2550. If 2550 holds, there is a chance for further upward movement, creating a resonance wave. We need to pay attention to the two levels of 2550 and 2624. As long as we cannot close above 2624, the 4-hour level will still be dominated by bears. If we stabilize above 2624, we will watch the situation around 2655.
If 2550 does not effectively hold, we will continue to monitor opportunities around 2500-2510. If it stabilizes, we will look for short-term longs around 2527-2539-2550.
Support levels: 2465-2475, 2390-2400, 2360-2370
Resistance levels: 2625-2630, 2655-2660, 2708-2718