K-line Judge: ETH bulls sound the counterattack horn, $2640 becomes the key battle!
—— Technical and news factors resonate, Ethereum may start a new wave of rise
"On the battlefield of cryptocurrency, the retreat of the bears often begins with a breakthrough bullish candle, and the counterattack horn of the bulls has already sounded at $2640!"
Technical Analysis: Bulls break through key resistance, short-term trend reversal
Daily level:
After ETH price reached the support level of $2500 on June 14, it has closed positively for three consecutive days, forming a 'Morning Star' reversal pattern, indicating exhaustion of bearish strength.
MACD Indicator: Fast line (DIF) crosses above slow line (DEA), forming a golden cross, histogram turns from green to red, bullish momentum strengthens. RSI Indicator: After breaking through the 50 neutral line, it continues to rise, current value 62, indicating the market has shifted from oversold to bullish control. Key resistance: $2640 (previous platform pressure) has been broken, next target points to $2700-$2750 (near the March 2025 peak).
4-hour short-term:
Price steadily rises along the MA10 moving average, MA5 and MA20 form a 'golden cross' support, with the support level moving up to $2600.
Volume matching: trading volume gently increases with the price rise, with no 'volume-price divergence' observed, making the counterattack highly credible.
News: Multiple positive catalysts, the bulls are confident
Ethereum ecosystem upgrade:
Pectra hard fork: TPS increased to 90, Gas fees reduced to $0.001, long-term positive for application layer expansion.
Staking yield: annualized yield rebounded from 3.12% to 4.5%, if SEC approves staking ETFs, funds may accelerate inflow.
Capital flow trends:
Ethereum ETF: net inflow exceeded $321 million for 12 consecutive days, institutions show clear intent to 'buy the dip'.
Short covering: short positions above $2900 reached $1.8 billion, if the price continues to rise, short covering may create a 'squeeze' market.
Macroeconomic environment:
Federal Reserve interest rate cut expectations: Market pricing for a July rate cut has risen to 79%, risk assets may face a rebound window.
Geopolitical risk alleviation: the situation in the Middle East stabilizes temporarily, risk-averse sentiment cools, funds flow back into the crypto market.
K-line Judge · Pen is set: short-term counterattack established, mid-term trend awaiting confirmation
Short-term (1-3 days): Bulls have broken through the key level of $2640, technical and capital factors resonate, likely testing $2700-$2750.
Mid-term (1-2 weeks): need to observe whether $2750 can be effectively broken. If successfully stabilized, it confirms the 'W bottom' pattern, targeting $3000; if it gets blocked and falls back, it needs to be cautious of a second bottom test at $2500.
Risk points: high leverage in the derivatives market, volatility may be amplified.
The situation in the Middle East may trigger a return of risk-averse sentiment.
K-line Judge: Supreme exclusive strategy and specific trading points
Long position holders:
Strategy: Continue to hold, move stop-loss up to $2550 (5% below cost price).
Targets: First target $2700 (reduce position by 30%), second target $2750 (liquidate remaining position).
No position investors:
Entry point:
Aggressive: try a small long at the current price of $2640, stop-loss at $2580.
Conservative: position near $2600 on a pullback, stop-loss at $2550.
Targets: same as above, take profits in batches.
Swing traders:
Short-term short: if the price rises to $2750 and gets blocked, a small short can be tried, with a stop-loss at $2780 and a target at $2650.
Key reminder: the current main trend is bullish, short positions are limited to ultra-short-term operations.
K-line Judge: The painful experience of being tortured by the market: follow the trend and hold on to profits
"On the battlefield of cryptocurrency, the trend is your friend, and stop-loss is your armor." Currently, ETH bulls have broken through the bears' suppression, but caution is needed for profit-taking pressure around $2750. Investors are advised to set stop-losses strictly and lock in profits in batches to avoid missing good opportunities due to greed.
Eight years of financial experience, an exclusive guide from a pioneer in the cryptocurrency circle: insight into the market, steady progress, pay attention to K-line Judge teaching you how to grow steadily, risks and opportunities coexist in investment, blind operations are a big taboo in the currency circle!