Crypto Circle Academician: The 6.3 Ethereum Daily Breakout Hides Deep Downward Potential, North-South Turning Points Are Clear? Latest Market Analysis and Trading Suggestions

Ethereum's current price is 1911, many crypto friends privately complain that trading ETH is difficult, dropping a little makes them panic and cut, a slight rebound makes them rush to buy, repeatedly being harvested by the market. Currently, the daily and four-hour charts are all showing a downward structure, and short-term sporadic small rebounds cannot change the overall downward trend. Remember not to be fooled by small short-term bullish candles and blindly open long positions. When you don't understand the market, it's better to stay in cash and observe, rather than forcing into the market to gamble on the direction. Trading is a long-term game; gradually refining your rhythm and steadily making progress is the key to lasting presence in the market.

The daily candlestick shows a single-day decline of 4.69%, with the price breaking below all EMA moving averages, with the 30/60/90/120-period moving averages turning downward simultaneously, forming multiple layers of resistance. The Bollinger Bands are opening downward, with the current price close to the lower band around 1921, and support levels are being continuously broken. The MACD indicator's DIF and DEA are continuing to move downward below the zero line, with increasing green bars, indicating ongoing downward momentum. Overall, the daily chart is in a downward trend, with key resistance concentrated at the EMA30 at 2121. In the short term, a quick reversal to strength is unlikely, and the market is likely to continue weak oscillation and decline.

The four-hour candlestick remains steadily below all short-term EMA lines, with the 15, 30, and 60-period moving averages all arranged downward, forming a sustained pressure pattern. The Bollinger Bands are opening downward, with the price near the lower band at 1929, and short-term support is fragile. The MACD indicator is below the zero line, with DIF and DEA slightly turning, green bars slightly shrinking but no golden cross or clear sign of reversal. Although there are slight signs of short-term stabilization, the rebound strength is extremely weak. The first short-term resistance above is around the midline at 2060; when the rebound reaches the moving average area, it becomes a downward pressure node. In the short term, the weak trend remains difficult to change.

Short-term reference:

- Above 1950 to 2000 heading south, stop loss at 2030, target 1890 to 1840
- Below 1880 to 1840 heading north, stop loss at 1800, target 1900 to 1950

Specific operations should be based on real-time market data. For more information, you can contact the author. The article is published with a delay; please consider it for reference $ETH at your own risk.