6.21 ETH Market Outlook
$ETH ETH From a daily perspective, the rebound yesterday was very weak, while the downward pressure was relatively strong. The K-line has once again entered below the short to medium-term moving averages. However, the current K-line is far from the 7-day moving average, indicating a technical need to correct the moving averages. From the 4-hour view, it has ultimately completed a confirmed downward wave 3. The downtrend is still in progress. From the 1-hour perspective, yesterday's drop had some strength and did not form a confirmed bottom divergence. Conservative traders should continue to wait for short positions between 2500-2550, while aggressive traders can participate in the long market, driven by Bitcoin.
Today's Strategy:
Between 2350-2400: Long positions on 15-minute bottom divergence (for aggressive players)
Between 2500-2550: Short positions on 15-minute top divergence