Ethereum Market Analysis on 6.26

Ethereum retraced to around 2390 yesterday and returned to the 2500 mark in the early morning session. The four-hour chart touched near the resistance level in the morning without significant retracement, indicating that the bulls are building momentum to break through the 2550 level. The MA30 weekly moving average broke through the middle track in the morning, forming a perfect golden cross, and the subsequent bullish momentum is expected to strongly break the resistance. The attached MACD slow line has broken through the 0 axis, with two golden crosses of the hollow green energy bars showing an increase in volume. Overall, the bullish trend for Ethereum today is strong, and it is recommended to follow the trend.

Trading suggestion: Buy in batches at 2470-2440

Targets: 2550-2600-2650

Risk control: 2420