ETH June 27 Strategy: Critical Point of Sideways Adjustment, Can Bulls Score Again?
Current ETH price is around 2430. From the 4H chart perspective, after experiencing continuous rebounds and repairs, the price has gradually entered a high-level consolidation range. After retracing to the middle Bollinger Band support yesterday and closing with a lower shadow candlestick, the current candlestick body is relatively weak, but it has not effectively broken down, and overall it is still in a continuation state of the upward channel.
Technical Structure Analysis:
Moving Average System: Although the short-term MA5 and MA10 show signs of turning, they have not yet crossed, indicating that the bulls and bears are still in a standoff phase;
BOLL Indicator: The Bollinger Bands are in a slight opening formation, with the current price stabilizing at the middle band (2429), and short-term resistance is at the upper band (2466);
Support Confirmation: The 2410 area is a key short-term support level, where the probability of a rebound is quite high;
Operation Suggestion (Bullish Bias):
Current Optimal: 2430
First Target Level: 2465
Second Target Level: 2500
Stop Loss Level: 2390
