Crypto Circle Academician: June 1st, Ethereum ETH is Deeply Trapped in a Weakness Quagmire, Is the Dual-Line Cycle Moving Weakly in Sync? Latest Market Analysis and Trading Suggestions


  
  In recent days, many crypto enthusiasts holding Ethereum have been caught in the north! Holding onto their positions, they feel restless—sometimes fearing a break below support, other times worried about missing a rebound. I’ve advised them hundreds of times, but they don’t listen. No matter how much I say, it’s useless. These two solid charts tell the story clearly, revealing the daily and 4-hour charts plainly. EMA, MACD, Bollinger Bands are all broken down for you, with buy and sell points, stop-loss, and take-profit levels marked clearly. Even beginners can understand at a glance. No hype, no blackening—just the most authentic current market situation to help you clarify your thinking, so you’re no longer driven by emotions by the market. Whether you’re trapped in a position, holding no coins, or looking to add, after reading this, you’ll have a clear mind!
  
  Ethereum’s current price is 2002, and the daily K-line is in a clearly weak oscillation after a decline. The price has broken below short-term moving averages like EMA30 and EMA60, with all moving averages trending downward, facing heavy resistance above. In the MACD indicator, both DIF and DEA are below the zero line, with the green bars continuing. The downward momentum has weakened but still dominates. The Bollinger Bands are opening downward, with the price running close to the lower band, and the midline around 2119 forming strong resistance. Yesterday’s K-line closed bearish, with a 2.08% fluctuation. Short-term lacks strong rebound momentum, and the overall trend remains bearish, so caution is needed for a further dip.
  
  The 4-hour K-line is currently in a weak consolidation phase after a decline, with the price repeatedly testing support near the 2000 level. Short-term EMA15 and EMA30 are both trending downward, with the price under the moving averages, showing weak rebound strength. In MACD, DIF and DEA formed a golden cross below the zero line, with the red bars slightly expanding, but the momentum is insufficient—indicating a weak rebound during a downtrend. The Bollinger Bands are trending downward overall, with the price below the midline, the upper band near 2036 forming short-term strong resistance, and the lower band around 1994 providing support. Trading volume is insufficient, limiting rebound space. The downward trend has not reversed, and rebounds are more likely to be trap plays.
  
   Short-term reference:
  
  Upward from 1990 to 1960, stop-loss at 1930, target 2030 to 2070
  
  Downward from 2070 to 2100, stop-loss at 2120, target 2040 to 2010
  
  Specific operations depend on real-time market data. For more information, contact the author. The article may be delayed; use for reference at your own risk. $ETH #股票交易挑战最高赢17000U
ETH-1.26%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned