Ethereum Market Analysis on the Evening of June 24: From the current situation, the daily level of Ethereum shows a long lower shadow pattern, which is usually a clear signal of buying support. However, this also suggests that during the short-term pullback phase, bears are actively entering the market.
Additionally, the MACD indicator is gradually approaching the zero line, which in technical analysis often indicates a strengthening of bearish forces. Currently, the forces of both bulls and bears in the market are gradually tending towards a balanced state. Based on this, for aggressive investors, short selling at the current price can be considered.
Ethereum suggests shorting at 2300-2350, targeting around 2250-2200-2150, and if it breaks down, continue to look lower.
