【4 Hours $ETH Technical Analysis】

Time: June 23, 08:00 K-line

🔍 Technical Interpretation:

K-line Structure: ETH has been declining from the high point of 2680, reaching a low of 2111, showing a long lower shadow indicating a stop in the decline, followed by two medium bullish candles rebounding, and the current price is consolidating around 2237.

Moving Average System: The 5-day, 10-day, and 20-day moving averages are in a bearish arrangement, and ETH is still in a downward trend structure during the rebound. Short-term pressure is in the range of 2250-2300.

MACD Indicator: DIF and DEA are still running in negative values; although the green bars are shortening, a golden cross has not yet formed, indicating that the downward trend has not ended.

Trading Volume: There was an increase in volume on June 22 with a decline, and a decrease in volume on June 23 during the rebound, with the sustainability of the rebound still to be observed.

💡 Strategy Suggestions:

✅ Short-term Speculative Rebound (Aggressive Long):

【Entry】: 2180-2200

【Take Profit】: 2275 / 2300

【Stop Loss】: Below 2145

Note: Do not chase high prices during a low-volume rebound; try lightly near support, and enter and exit quickly.

✅ Trend Short Position (Conservative Short):

【Entry】: 2275-2300

【Take Profit】: 2180 / 2150

【Stop Loss】: Above 2330

It is recommended to short near the moving average pressure and mainly operate in the direction of the trend.