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ETH has just reached the 618 retracement level of the weekly range 4108～1384. What are you thinking if you don't short? Better to be wrong than to miss the opportunity!

A short position of 3050 has been activated, will this momentum cause it to not fall despite the downward trend? 📉

From a broader perspective on ETH, it is still observing a bearish triangle confirmation pattern. For this pattern to reverse, the weekly price must break through the lower boundary of the triangle (currently around 2600), and the price must also stabilize above the weekly EMA50 (currently at 2555). If it fails to maintain support at the lower boundary of the symmetrical triangle, the price may drop below 2000. Conversely, if it stabilizes, ETH will challenge the previous high of 2880 USD again and may test the upper boundary of the converging triangle. After the rebound in the past two days, the weekly Stoch RSI is still in the overbought area and dead cross range, which may trigger a recovery of bearish momentum at any time.
In the short term, ETH closed down yesterday, and today it has bounced back, forming a cyclical pattern. Pay attention to the possibility of a bullish close today. In the 120-minute timeframe, there is undoubtedly a lot of volatility, and the continuation of large ups and downs is poor, so it should be viewed as a range. The upper resistance level is at 2580, while the lower support level is at 2440; therefore, the strategy is to sell high and buy low.
In terms of operations, it is recommended to buy near 2440~2445, aiming for a target of 80~100 USD. For the upper level around 2580~2585, a successful short here could potentially become a short-term medium-line entry point, using above 2600 as a defense point. Stabilizing above the EMA50 and the lower boundary of the triangle should be arranged separately. The medium to long-term trend evolves from the short-term; once the short-term is successful, it can form a medium to long-term position by moving stop-losses to take profit rather than holding out without a stop-loss waiting for a medium to long-term position.

On the morning of June 24, as Trump announced that Iran fully agreed to a complete ceasefire, the cryptocurrency secondary market rebounded after last night's fear of escalating war. BTC briefly fell below $100,000 but later rose and broke through $106,000, with many altcoins looking to rebound. Influenced by the situation in the Middle East, BTC has been in a continuous correction for nearly a week, with yesterday's low touching $98,200. After a sharp decline, ETH has shown relative weakness and has not yet returned to the previous $2,500 level. Bitcoin's market share has slightly decreased from its high to 63.49%, but the altcoin season index remains low at 14, and the fear and greed index has dropped to 37, indicating fear.
Originally a weak market, after all this, it has turned into a consolidation phase, with current prices hovering around 2400. In this consolidation trend, we repeatedly emphasize a viewpoint: it is better to be wrong than to miss the 618 position. Generally speaking, the 382 position is a very weak correction position, 0.5 is a normal correction position, while 618 is the extreme correction position. Once the correction exceeds the 618 resistance level, the short-term bearish sentiment will weaken. Currently, the 618 position is around 2463, and the price is testing the 50-day EMA. The four-hour CMF has dropped from above +0.15 to -0.15 and is currently near the zero axis, with Stoch RSI showing signs of forming a death cross in the overbought area, indicating that the next four-hour cycle will likely see a pullback.
In terms of operations, we should first view it with a consolidation mindset, looking to short around 2460~2465, targeting 2300~2320. If the next 4-hour candlestick does not provide an entry opportunity, we can go short directly. For longs, we can look to buy around 2290~2295, targeting an increase of $80~100.

Bitcoin fell below the $100,000 mark on Sunday, hitting its lowest level in over a month, while ETH at one point plummeted over 10%. According to reports, Iran has threatened to block the Strait of Hormuz, a vital shipping route that carries about 20% of the world's oil supply. JPMorgan warned that a complete closure of the Strait of Hormuz could cause oil prices to soar to $130 per barrel. Such a surge could lead to a rise in the U.S. inflation rate back to 5%, coupled with the Federal Reserve still actively raising interest rates, this outlook has prompted traders to reassess interest rate trends and withdraw from speculative assets like cryptocurrencies.
From a technical perspective, ETH is once again facing downward pressure under a large bearish candle, displaying a typical weak pattern. From a larger perspective, the weekly EMA50, which I mentioned last Thursday at the 2570 position, has initially formed resistance, and mid-term topping signals are becoming increasingly evident, which means that short-term weakness will likely continue; on the 60-minute chart, the current price is under pressure, oscillating downward around the middle Bollinger band. There was a rebound in the morning, but the strength was quite weak, showing a fragmented upward pattern, indicating more of a correction. Weak corrections should focus on the 236 retracement level, which is also a previous low, positioned at 2290. Below, pay attention to the current top-bottom position around 2100. The overall strategy is to focus on short positions.
In terms of operations, it is recommended to short around the 2290~2295 area, with a short-term target of $150~170. On the downside, go long around 2100~2105, with a target of $60~80. The short position for Bitcoin can be placed near 103200.

If living forever is too difficult, then let's wish for wealth beyond measure.

Give me a hard drop, 2000 must break, floating profit must increase positions, brothers

Just as the Buddha entered a dream, ETH will drop below 2000 next #ETH

Air Force Assemble, Brothers

I will wait for you at 1960, remember to come

Recently, ETH has been oscillating without significant movement. Looking at the weekly chart, it has formed a doji star for five consecutive weeks. First of all, ETH broke below the ascending trend line of 881~1071 back in March. The rebound over the past three months is a phase of retesting and confirmation. Now the price is gathering near the trend line. Although the downtrend paused after a strong rebound, the triangular breakout pattern remains active. Additionally, the EMA50 is currently at 2570 USD, which is the biggest obstacle to ETH's rise. Reviewing past cycles, the subsequent declines after the price fell below the EMA50 were 27.3%, 70.1%, 17.9%, 26.4%, and 53.9%. The closing prices over the past five weeks have been below 2570, and the Stoch RSI is currently forming a death cross in the overbought zone, indicating that this is the most critical battlefield for bulls and bears right now.

It's time to choose to accelerate downward, with a short-term target around 1960.

The reserves of ETH exchanges have fallen to a historical low of 18.57 million coins, with a net inflow of $583 million in ETFs. Despite the positive trend in the ecosystem, the market remains cautious about the price of ETH. ETH has risen at the $2500 support level but still encounters resistance at the 20-day MA. On the downside, if the $2500 support fails, ETH needs to maintain above the lower boundary of a key channel, which is reinforced by the 50-day SMA, to avoid falling to the support range of 2260 to 2110. The RSI is above neutral levels and may test its moving average, while the Stoch is below neutral levels. A successful crossover of both indicators will strengthen bearish momentum, and short positions should be held patiently while waiting for acceleration. For short positions, it is recommended to short around 2615~2620, or to add to positions around this level for floating profits.

The waterfall is coming, brothers

In the short term, ETH does not show a clear bullish or bearish trend; it has been fluctuating around the range of 2770 to 2390 for over a month. The movement has basically been a series of sharp rises followed by sharp declines, going back and forth. The sideways movement during the rise originally indicated a correction, but since it has been sideways for too long, this signal has weakened significantly. Therefore, attention should be paid to the possibility of a significant pullback for ETH in the future. Looking at the daily chart, after a single bullish candle, there is a small doji candle, which does not indicate a foundation for further increases, making fluctuations more likely.

In terms of operations, the overall strategy should focus on short positions. Pay attention to the lower range bottom at 2390, and the upper resistance levels at 2668 and the 618 retracement level at 2710. You can short near these two positions.

Yesterday, I was preparing to short at the 108700 line, but I didn't expect it to drop early, which is a pity. BTC has fallen over 6000 USD. After a large bearish candlestick on the daily chart followed by a small doji, it is a typical weak oscillating market. So what to do today is very simple: short at highs, betting on a second drop. Looking at the 60-minute chart, it has entered a small range of oscillation in the short term, and the indicators are also rising, indicating a demand for a rebound. In a weak market, pay attention to the 382 position at 105600 and 106500; if touched, short and look for a drop of 2000 to 3000 USD.

The current bull market for Bitcoin has lasted for 2.5 years. According to past patterns, bull markets generally last between 6 months to 2 years. If we count until January 2025, it will be exactly two years.
In the 2025 market, we need to pay attention to three major contradictions:
1. Can the scarcity brought by the halving offset the slowdown in growth after market capitalization expansion?
2. Can the inflow of spot ETF funds hedge against potential policy suppression?
3. Can technological advancements such as the Lightning Network and sidechains support the expansion of application scenarios?

ETH, the daily oscillating upward trend has not been broken, so the bullish pattern remains unchanged. On the 240-minute cycle, the morning saw a rise followed by a pullback, combined with the daily bullish pattern, making the probability of a secondary rise quite large. Attention should be paid to the previous oscillation high of 2860 and the support at the top-bottom level of 2910; on the downside, focus on support around 2690, with an overall strategy leaning towards buying low.

In terms of operation, it is recommended to buy near 2690~2695, with the target looking towards 2860~2910.

ETH is about to take off again

When you can really make a living by trading, that state is not excitement, but calmness. You are no longer in a hurry to prove anything, nor will you be led by the market. You know what you are doing, and know when to make a move and when to wait. You no longer fantasize about "getting rich quickly" or chasing "becoming a god with one order", but like an old farmer, sowing, waiting, and harvesting, everything is done in rhythm.

Stable profit is not just about making money from a few orders, but you can still withstand the pressure and continue to execute the plan even after experiencing a downturn in the market and continuous stop losses. You can see the slowly growing curve on your account, and you will no longer be emotionally fluctuating due to the ups and downs of a day. People who can really make a living by trading, in fact, have the greatest ability not to make money, but to withstand losses and continue to trade calmly.

Another point is particularly realistic, you have to ensure that the profit of your account is not based on luck, but on a stable method. You do not rely on gambling, not on feelings, but on strategies and rules to come out step by step. So you will be very sure in your heart that no matter how the market is tossed, you can survive.

The most important thing is that you no longer fantasize about how "free life" trading brings you. You know that this business is actually very hard and lonely, but you have gotten used to it and are willing to keep going. You know that this is not a shortcut, but a path you truly recognize.
When you no longer have fantasies about trading, and only cognition and execution remain, this is a sign that you can make a living from it.

After a series of consecutive gains yesterday, ETH is currently consolidating around 2790. The daily line closed with a strong bullish candle, continuing the rebound strength after last Friday's drop to the lower bound of the daily K-line. The bullish pattern is quite evident. On the 240-minute cycle, after a period of consolidation in the early morning, it directly broke the high again. The market is expected to rise by another 260 dollars after a pullback. Key resistance levels above are the previous low of 2910 and the strong-weak boundary around 3065; below, attention should be paid to support at the top and bottom around 2770. The overall strategy is to focus on going long at lower levels.

In terms of operations, it is recommended to buy around 2770-2765, aiming for 2900~2910. The maximum target for long positions is around 3065, with a focus on the pattern. During the upward trend, consolidation should not show large bearish candles; if a large bearish candle appears, the probability of fluctuations in the evening increases significantly.

What is this? Is it so amazing?