Current price: 2419.52 USDT
Date: June 21, 2025 (Saturday)
I. Daily level analysis: Long lower shadow piercing bottom, is this a signal to stop the decline?
Yesterday, ETH fell over 5% in a single day, quickly rebounding after hitting a low of 2363.88, forming a long lower shadow candlestick, indicating clear buying support below.
Multiple moving averages (EMA7, EMA20, MA30) are still in a bearish arrangement, with the price below all moving averages, but the lower track of the BOLL band provides short-term support.
MACD death cross is diverging, bearish momentum remains strong; however, the RSI indicator has entered the oversold zone, and a technical rebound may occur at any time.
II. 4-hour line structure analysis: Initial construction of V-shaped reversal, the key is confirmation
ETH rebounded at 2363 after a rapid drop yesterday, forming the preliminary shape of a V-shaped reversal, with the current price just above the 2400 mark.
The BOLL band range has dropped to 2401-2630, with the middle track being a short-term resistance area (around 2500); a rebound challenging this area will verify strength and weakness.
EMA20 and EMA50 death cross pressure, MA100 position (2587) becomes the upper limit of the short-term structure.
Volume has slightly increased, and the market is attempting self-repair.
III. 1-hour line short cycle rhythm: Rebound starting, pullback is an opportunity
The current candlestick closes positively, with the price re-establishing above EMA7 and EMA20, indicating an initial signal for stopping the decline.
The middle track of the BOLL band is pressured around 2450; a breakout will make the short-term rebound structure more complete.
Trading volume has significantly increased compared to yesterday's low, indicating a release of short-term bullish momentum.
Operational strategy suggestion (bullish as main focus):
Entry position: 2419.33
First target: 2451.09
Second target: 2485.32
Stop loss position: 2387.24
