6.15 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum also saw a surge followed by a pullback during the day, entering a phase of consolidation, with prices fluctuating around the 2500 level, where both bulls and bears are relatively stuck. Currently, the oscillation pattern has not changed significantly and is expected to continue for some time, so our strategy is to go high on short positions and low on long positions.

On the short-term hourly chart, the Bollinger Bands are compressing, with the price operating below the middle band. Currently, upward momentum is beginning to weaken, and after a series of declines on the 4-hour chart, there has been a slight rebound, but the highs are gradually moving lower. After three consecutive daily bearish candles, a long lower shadow is formed (with a low of 2488). MACD: The 4-hour level DIF and DEA have continued to weaken after a death cross below the zero line, but the green bars are beginning to shrink. The daily level shows a death cross at a high, with the fast line crossing below the zero line. EMA: The 4-hour price rebound is constrained by EMA30 (2602), while EMA7 (2535) is sticking to the price. The daily EMA120 (2372) provides long-term support. Overall, there are signs of a short-term bottoming out. Currently, the short-term trend is a slight consolidation, with resistance to watch around 2600 and support to focus on near 2380 for long positions. Before breaking the range, there can be an opportunity to seize a wave of range profits.

6.15 Ethereum Short-term Reference:

Lower test entry point 2625-2565, stop loss at 2800, stop loss: 50, target below 2530,

Upper test entry point 2405-2475, stop loss at 30 points, target above 2530,

There may be delays in sending articles, strategy suggestions are for reference only. The market changes rapidly; no matter how high the judgment of the market is, it is essential to set take profit and stop loss levels properly to ensure safety.