📣The bullish trend of Ethereum continues, find opportunities to enter more 🚀

The weekend market is still dominated by fluctuations as usual, and there hasn't been much volatility in the trend. From the current fluctuation trend, Ethereum has touched the bottom and stabilized, and the trend has rebounded again around noon, with the bullish trend still ongoing!

【From the four-hour Ethereum price trend analysis】

K-line Pattern:

The daily level shows that the recent price has gradually rebounded from the low of 2616.24 on June 12 to the current price of 2613.41. However, it is still within a large fluctuation range overall. In the 4-hour cycle, a short-term upward trend has formed, with higher highs being made (2492 → 2638.5), but the latest K-line has closed as a small bearish line, indicating that bullish momentum has weakened.

Technical Indicators:

MACD: In the 4-hour cycle, DIF and DEA have continued to diverge upwards after forming a golden cross below the zero axis, with the current DIF at -12.34 and DEA at -25.45. Bullish momentum is strengthening, but the red bars are shortening, so caution is needed for a pullback risk.

RSI: RSI(14) is hovering around 55, not entering the overbought area, indicating that there is still room for an increase, but the strength is limited.

EMA: EMA7 (2577.59) has crossed above EMA30 (2584.18) and EMA120 (2571.54), showing a bullish arrangement, with effective short-term support; if the price falls below EMA7, it may test lower moving average support.

Trading Volume:

The daily trading volume has significantly shrunk since June 13, dropping from 1.2 million to 290,000, indicating that market sentiment is becoming cautious, with insufficient upward momentum. In the 4-hour cycle, the volume broke through key resistance (such as during the period of June 16 at 08:00), followed by a volume contraction adjustment, showing that the willingness to chase up is not strong, or there may be a need for a pullback.

Evening Ethereum stable strategy layout on 6/16:

It is recommended to enter long positions around 2600-2610 for Ethereum, with target levels: 2640-2660-2680.

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