6.22 Monday ETH Afternoon Outlook In the afternoon, Ethereum continued the weak narrow-range oscillation pattern throughout the day, generally following Bitcoin's downward trend. On the macro level, hawkish Federal Reserve rate hike expectations continued to suppress risk assets. U.S. Treasury yields and the dollar remained high, and Ethereum ETF funds continued to flow out net. On-chain DeFi and NFT market activity cooled down simultaneously. In the market, only retail capital remained slightly speculative, with a slight rebound in the afternoon. Trading volume shrank throughout, indicating a technical correction after an oversold condition, with no major new funds entering. The rebound's strength was very limited. Coupled with the fluctuating Middle East negotiation situation, risk-averse funds flowed back into the dollar, further suppressing high-volatility cryptocurrencies. In the evening, U.S. inflation and employment data are still to be released, and market volatility will continue to increase. On the technical side, the four-hour short-term moving averages formed a persistent resistance zone. The price repeatedly tested the 1760-1780 short-term resistance but was quickly pushed back down. The rebound peaks gradually moved lower, with significant divergence between volume and price. The daily chart shows a complete bearish arrangement, with medium- and long-term moving averages trending downward together. Medium-term strong resistance is locked in the 1800-1820 range. Short-term support below is at 1690, with mid-term core defense at 1650. If the afternoon closes below the 1690 support, this small correction phase will end directly, and the market will reopen to further decline. Trading suggestion: Watch for a rebound around 1745-1755, with a target of 1720. If broken, expect a $ETH move down to 1690.

💵 BTC is trading around $63,973.34 💵 BTC Dominance - 58.5% 💵 ETH is trading around $1,732.51 ⚠️ The Fear and Greed Index is at 22 points, hovering at the "Fear" level. ⚠️ The Alt Season Index is at 47/100 #btc #usdt #usdc #xrp #ltc $GT $ETH $SOL

6.22 SOL peaked near 74.97 and then pulled back, current price is 73.85, the high just hits below the resistance line at 74.78, indicating selling pressure above is effective. 24h high of 74.97, low of 72.24, trading volume of 400k SOL, transaction amount of 29.53 million USDT, overall volume contraction correction, not a breakout with increased volume. Currently, the support line is at 72.74, after dipping to 72.24 last night and then recovering, short-term support is around 72.70-73.00, initial resistance on a rebound is at 74.78, if it can't break above, it will still be oscillating at a high level. Don't chase at this position, wait for better entry points, which is safer $SOL than gambling on emotions.