6.17 Crypto Mr. Coin: Ethereum (ETH) Market Analysis Reference

The intraday trend of Ethereum still maintains a strong bullish momentum, breaking through the 2650 resistance in the morning. The fluctuation range has been surpassed, and the market is beginning to rise. Currently, the high has reached above 2650, but multiple tests have failed to stabilize. It has consecutively broken the double resistance mentioned yesterday.

In the short-term, the 4-hour DIF (0.85) has crossed below the DEA (-13.47), with the histogram turning from positive to negative. The daily MACD (-38.88) continues to contract but has not formed a golden cross. RSI: 4-hour RSI (50.12) quickly retreated from the overbought zone (75.81), leaning towards bearish; daily RSI (52.85) remains neutral, showing no obvious divergence. EMA: The price has fallen below the 4-hour EMA7 (2604.73), testing the EMA30 (2592.18) support. The daily EMA7 (2594.24) and EMA30 (2528.74) maintain a bullish arrangement. Overall, the short-term bullish momentum is weakening. It is recommended to take short positions at high points and long positions at low points, so subsequent operations suggest maintaining a rebound short position strategy. Support levels to watch are 2500 and 2460. If there’s an opportunity, consider entering long positions.

Mr. Coin's message: The intraday market is gradually warming up, and the trend has broken out upward. However, influenced by news yesterday, a strong rebound occurred in the short term, which is still fresh in memory. This indicates that the market can be quite volatile at times. Everyone should ensure to set stop losses and take profits before entering the market, managing risks wisely.

6.17 Short-term reference for Ethereum:

Lower test entry point 2645-2685, defend at 2800, stop loss: 50, target below 2550,

Upper test entry point 2505-2455, stop loss 30 points, target above 2550,

There may be delays in sending the article; the strategy suggestions are for reference only. The market changes rapidly, and no matter how confident you are in the market judgment, always set your take profit and stop loss to secure your gains. #ETH #ETH🔥🔥🔥🔥🔥🔥 #BTC #加密市场反弹