Ethereum Analysis Reference and Suggestions on June 16th Early Morning

Yesterday, the buy order near 2510 was effective, with suggested take profit levels at 2526 and 2548, both of which were successfully reached. It can be considered a small gain during such market conditions over the weekend.

Key levels are 2529 and 2557 for 1-4 hours. If the price pulls back to 2529 on the 1-hour chart and does not break, it indicates a consolidation upward. If the 4-hour chart rebounds and holds above 2557, it will lead to a decent bullish rebound. Pay attention to the situation around 2590-2600 during the rebound.

If the 1-hour pullback breaks below 2529, be cautious of the risk of market correction.

Support levels for buy orders to watch in the early morning

2470-2475, 2455-2465, 2390-2400,

Pressure levels for sell orders to watch in the early morning

2588-2595, 2625-2630, 2700-2710