From the latest technical indicators, the MACD indicator on the Ethereum four-hour chart has completed a golden cross pattern, indicating that short-term buying power is dominant. It is worth noting that the daily chart MACD has also shown signs of turning, and if the trading volume can continue to expand, it is likely to trigger a mid-term rebound行情. The current market structure is generally leaning towards strength, but investors still need to closely monitor the performance of several key resistance levels.
In terms of resistance level, 2568 is the current primary pressure point, which was contested multiple times during the previous trading day; if it can break through 2590 with increased Trading Volume, it will further confirm the continuation of the Rebound trend; 2650 is an important medium-term resistance area that may face downward pressure upon the first touch.
In terms of support levels, 2530 serves as a short-term support point, where the first pullback can be closely monitored for stabilization; while 2490 is the key defensive zone. If this level is breached, it may break the current bullish structure.
Operational strategy suggestion: Consider establishing a light long position near the support areas of 2530 or 2490. If it stabilizes effectively, you can increase your position appropriately; when the price rises to 2568, 2590, or 2650, if the Trading Volume is insufficient leading to a resistance, consider reducing your position or attempting a short-term short position; it is important to note that the current bullish trend has just started, and chasing highs should be done cautiously, reasonably controlling the trading pace and setting stop-loss levels.
Comprehensive technical analysis indicates that Ethereum is currently in the initial stage of a short-term Rebound, with the market structure repairing upwards. The trading strategy should focus on going long at lower levels and shorting at higher levels. Whether it can effectively break through the 2590 to 2650 resistance level will be key in determining the market's direction. Investors should continuously pay attention to the price movements and the coordination with Trading Volume.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
10 Likes
Reward
10
4
Share
Comment
0/400
CryptoPhoenix
· 06-16 00:46
Hold on to faith and victory is certain.
Reply0
BloodInStreets
· 06-16 00:39
Still bullish on ETH
Reply0
NFTArtisanHQ
· 06-16 00:33
Watch ETH flow
Reply0
TokenAlchemist
· 06-16 00:30
Waiting for the breakout of the range in the chart
From the latest technical indicators, the MACD indicator on the Ethereum four-hour chart has completed a golden cross pattern, indicating that short-term buying power is dominant. It is worth noting that the daily chart MACD has also shown signs of turning, and if the trading volume can continue to expand, it is likely to trigger a mid-term rebound行情. The current market structure is generally leaning towards strength, but investors still need to closely monitor the performance of several key resistance levels.
In terms of resistance level, 2568 is the current primary pressure point, which was contested multiple times during the previous trading day; if it can break through 2590 with increased Trading Volume, it will further confirm the continuation of the Rebound trend; 2650 is an important medium-term resistance area that may face downward pressure upon the first touch.
In terms of support levels, 2530 serves as a short-term support point, where the first pullback can be closely monitored for stabilization; while 2490 is the key defensive zone. If this level is breached, it may break the current bullish structure.
Operational strategy suggestion: Consider establishing a light long position near the support areas of 2530 or 2490. If it stabilizes effectively, you can increase your position appropriately; when the price rises to 2568, 2590, or 2650, if the Trading Volume is insufficient leading to a resistance, consider reducing your position or attempting a short-term short position; it is important to note that the current bullish trend has just started, and chasing highs should be done cautiously, reasonably controlling the trading pace and setting stop-loss levels.
Comprehensive technical analysis indicates that Ethereum is currently in the initial stage of a short-term Rebound, with the market structure repairing upwards. The trading strategy should focus on going long at lower levels and shorting at higher levels. Whether it can effectively break through the 2590 to 2650 resistance level will be key in determining the market's direction. Investors should continuously pay attention to the price movements and the coordination with Trading Volume.