June 1 Ethereum Evening Strategy



After the second “bǐng” met resistance near 2022.27, it continued to fluctuate and fall all the way down, with the low touching 1970.30. The drop is over 2.5%. Currently, the price is narrowly consolidating around 1982.84.

The core of this decline is profit-taking by longs at high levels + a breakdown of the short-term trend. At the daily timeframe level, the rebound channel has shifted from a rebound pattern to choppy, weaker consolidation. On the hourly timeframe, a clear downward structure has already formed. The late-session rebound is more of a technical correction after the fall, and it has not changed the overall bearish-dominant setup.

Trading suggestion: On the pullback, build shorts in batches in the 1995-2000 range. Targets: 1980-1975. If the level breaks, hold for 1965.

#Gate正式推出股票交易
#成长值抽奖赢金条
#ArthurHayes看好HYPE超越SOL
#美伊谈判博弈
ETH-2.53%
HYPE5.05%
SOL-3.49%
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