Ethereum outlook from 6-23, reference 4H
Ethereum is much weaker compared to Bitcoin. From the four-hour chart, it has already broken below a consolidation zone that lasted more than 40 days and is now testing the support of the weekly level.
If you want to go long on Ethereum, at the very least, you should see it make a consolidation action on the right side or form a W-bottom structure to pull back to the bottom position of the 2325 consolidation zone. Therefore, it is best to wait for a clear signal on the right side before going long on Ethereum; otherwise, it is easy to fall into a trap.
For those looking to short, you can pay attention to the two short-term pressure levels at 2273 and 2325. However, when shorting at these two levels, don't expect a continuous crash; instead, focus on trading within a range.
Ethereum is much weaker compared to Bitcoin. From the four-hour chart, it has already broken below a consolidation zone that lasted more than 40 days and is now testing the support of the weekly level.
If you want to go long on Ethereum, at the very least, you should see it make a consolidation action on the right side or form a W-bottom structure to pull back to the bottom position of the 2325 consolidation zone. Therefore, it is best to wait for a clear signal on the right side before going long on Ethereum; otherwise, it is easy to fall into a trap.
For those looking to short, you can pay attention to the two short-term pressure levels at 2273 and 2325. However, when shorting at these two levels, don't expect a continuous crash; instead, focus on trading within a range.
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ETH
2,445.78
+4.14%