6.20 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

The long and short positions in Ethereum are quite tense within the day, with the price repeatedly testing the 2490 line and showing signs of rebound. However, the subsequent bullish supply was insufficient, and the upward trend in the evening could not be sustained. Currently, it is under pressure around the 2523 position, showing a correction, and the short-term trend is weak.

On the hourly chart, the 4-hour level has formed a short-term support around 2480, with 2546 being the intraday high. The intraday rebound failed to break through the previous high of 2546. The range between 2485-24540 shows significant fluctuations. The daily level has recorded three consecutive days with long lower shadows, and the 2465-2548 range sees fierce competition between bulls and bears, with 2480 becoming a key short-term support. MACD: The 4-hour level DIF and DEA are intertwined below the zero axis, the MACD histogram has turned red but lacks volume. The daily level’s death cross has narrowed the difference to -50. EMA: The 4-hour EMA7 (2515) is basically overlapping with the price, while EMA30 (2543) forms resistance. The daily EMA120 (2384) serves as long-term trend support. Short-term fluctuations are expected to continue; the strategy suggests focusing on short positions during rebounds, with resistance levels to watch at around 2560 and support at 2460.

6.20 Ethereum Short-term Reference:

Lower entry point 2535-2595, stop loss at 2700, stop loss: 50, target below 2500,

Upper entry point 2405-2455, stop loss 30 points, target above 2500,

Article publication may be delayed, strategy suggestions are for reference only, market conditions change rapidly. Regardless of how confident one is in market judgment, it is essential to manage profit-taking and stop-loss orders carefully to secure gains.