ETH 2-Hour and 15-Minute Chart Analysis June 19

In terms of trend, it is currently consolidating near the major upward trend line, with multiple tests of the upward trend line in the short term proving its validity; however, the multiple tests in the short term also indicate weakness.

From the 15-minute short-term trading perspective, it is currently consolidating between 2540-2468. A short position can be taken near the upper edge, while a long position can be taken near the lower edge. The consolidation will eventually come to an end.

If the consolidation zone is broken, then we can see levels around 2580 and 2656. 2656 is an important position; a breakout signifies strength.

If the consolidation zone is broken down, pay attention to whether it is a false breakdown. A breakdown of the consolidation zone also means a breakdown of the upward trend line, indicating the start of weakness. A false breakdown that recovers can be a signal to go long; a true breakdown would lead to levels around 2438/2380.