Market Analysis Reference on June 18th Early Morning

The market is a bit frustrating, and everyone should operate cautiously.

In the past two days, Ethereum's market has been highly volatile, with erratic movements increasing the difficulty of operations and judgments, making it quite challenging for investors. From a technical analysis perspective, the current 1-4 hour level is in a bearish structure.

In the 1-hour level candlestick chart, the price level of 2565 is very critical. Once the 1-hour level rebound can firmly stand above 2565, it is highly likely to start a fluctuating upward trend. However, when the price is in the range of 2547 - 2557, one should pay attention to short selling opportunities.

Looking at the 4-hour level candlestick at dawn, focus on the position of 2571. If it can stabilize above 2571 and not be broken, the overall market direction will still primarily trend upwards with fluctuations; conversely, if it cannot close above 2571 and retraces below 2565, it is highly likely to pull back down to test the lower support levels.

The lower support levels are in the ranges of 2495 - 2505, 2430 - 2440, and 2410 - 2420; the upper resistance levels are in the ranges of 2545 - 2555, 2580 - 2590, and 2660 - 2670. Investors need to closely monitor the breakthrough of these key levels to adjust their investment strategies in a timely manner and control risks.