6.17 ETH Trend Analysis

• Trend: Currently, based on the 15-minute candlestick chart combined with the Bollinger Bands (BOLL), the price is operating above the middle band, showing some upward momentum. However, after touching the upper band (2643.11), some fluctuations occurred. Analyzing the 24-hour data, there was a rise from the low of 2490.45 during the day, and it is currently in a phase of consolidation after a rebound. If it can stabilize in the current range, there is a possibility of attempting to break the previous 24-hour high of 2656.00; however, if the bullish strength is insufficient, there is a risk of retracing to the middle band (2636.44) or even the lower band (2629.76).

• Resistance Level: The first resistance level is the current upper band of the Bollinger Bands at 2643.11. If broken, the significant resistance above is the 24-hour high of 2656.00. If further broken, previous key resistances (such as relative highs in the earlier trend, which are not fully reflected in the long-term trend shown in the chart, can be judged in conjunction with more cycles) can be monitored; the second resistance level can be noted near the psychological and technical barrier of 2700.

• Support Level: The first support level is the middle band of the Bollinger Bands at 2636.44. If effectively broken, the lower support can be seen at 2622.89 (recent small platform support), and further down, the important support is the intraday low of 2490.45, which is a strong support point for bullish sentiment.

Trading Suggestions (High Risk, Strict Stop Loss and Take Profit Required)

• Long Strategy: If the price retraces near the middle band of 2636.44 and shows candlestick stabilization signals (such as small bullish candles, doji, etc.), a light position can be attempted to go long, with a stop loss set below 2622.89 (for example, at 2620). The take profit can initially look at 2656.00, and after breaking, it can be adjusted to the range of 2680 - 2700, while dynamically adjusting based on real-time trends and capital conditions.

• Short Strategy: If the price near 2656.00 repeatedly attempts to break through without success, and bearish candlestick patterns such as long upper shadows or bearish engulfing appear, a light position can be taken to go short, with a stop loss set above 2660 (for example, at 2665). The take profit can initially look at 2636.44, and if broken, it can be adjusted to the range of 2622.89 - 2600.