$ETH Right now, everyone is most concerned about whether Ethereum can still drop. I placed a long order at 2450 before bed yesterday, thinking I would see a string of green numbers in the morning. In the end, I was just 3 points short of entering 🤡. It's not too regrettable because breaking below 2450 will trigger a Waterloo-style decline. Without further ado, let's focus on the key points!
On June 18, Ethereum's current price is 2518.66 (-3.56%)
1. The Ethereum BOLL channel has broken, with bears dominating, and the current price of 2518.66 has breached the middle track of 2517.18.
Channel structure:
- Upper track 2,533 is a strong resistance.
- Lower track 2501 is a key support for the day.
- The significance of the price first closing below the middle track confirms a short-term trend reversal to bearish.
2. MACD and RSI divergence, beware of a rebound. Current trading volume is significantly below the 5-day average volume, with a divergence in price and volume. The price has reached a new low in 24 hours, but the trading volume has not increased, indicating insufficient downward momentum.
3. Key price levels for bulls and bears:
Bearish: 2501.09 BOLL lower track, breaking this will accelerate the decline.
Bullish: 2533.28 BOLL upper track, a breakout here indicates a reversal signal.
Strength-weakness boundary: 2517.18, the BOLL middle track is the core of the bull-bear contest.
Psychological barrier: 2450.00, previous low support. Breaking this will trigger panic selling.
Entry points for reference:
After breaking 2505, short the market with a stop loss at 2535, targeting 2450, risk-reward ratio—1:3.5.
Rebound confirmation at 2501 for a short-term bounce, stop loss at 2480, targeting 2535, risk-reward ratio—1:2.
Latest fundamental updates:
1. Major bearish news:
- The US SEC has officially delayed the VanEck spot ETF until August, announced on June 18.
- The German government transferred 12,000 ETH to exchanges worth 30 million.
2. Potential bullish news:
- Coinbase's launch allows for instant redemption of ETH staking, reducing liquidity friction.
- Uniswap V4 testnet daily trading volume broke one million.
Key time windows:
1. Immediate attention, intraday:
- 14:30 European market opens. If the German and French indices decline, it may lead ETH to break.
2. Key nodes:
Federal Reserve interest rate decision - June 19 at 02:00, expected to be highly volatile.
- July 12 is the final approval deadline for the CBOE spot ETF.
June 18 is destined to be an extraordinary day. Manage your positions well, prepare your bullets, and stable development is the long-term strategy. The trend is ahead; layout follows. The calm before the storm. If there are any new strategies, I will promptly announce the latest entry points as a reference!