$ETH ETH Market Analysis (2025.06.23)
Daily Level: ETH has broken below the ascending channel and initial supply (around 2320), and the MACD has also fallen below the zero line. Therefore, the market can only see the level around 2510 if it returns to the 2320 position; otherwise, the area around 2320 will be a position for short orders.
Daily Level Resistance: Around 2320 (Initial Supply)
4-hour Short-term Resistance: Around 2270, where long orders should prioritize taking half profits. Currently, I have also closed half of my long orders that came up from the bottom, moving step by step towards the key resistance!
The market is currently in a state of panic, making it a prime opportunity for positioning.
