ETH June 3, 2026 Daily + 4H Intraday Technical Analysis

Current price 1865 USDT, 24H decline of 6.55%, intraday low of 1839.5 USDT, continuous decline over the past week from above 2100, weekly drop exceeding 12%, correlated with BTC's overall weakness.

1. Cycle Indicator Analysis

Daily Level

1. Price breaks below MA20/50/100 all short-term moving averages, with all moving averages turning downward together, forming overhead resistance. MA20≈2090, MA50≈2240 form a medium- to long-term strong resistance zone; Bollinger Bands are opening downward, and the candlesticks are continuously running along the lower band, establishing a bearish structure.

2. Daily RSI≈32, entering oversold territory, MACD green bars continue to expand, DIF remains below DEA, the downward trend remains unchanged. Oversold conditions only lead to technical rebounds, not a reversal of the daily bearish trend.

3. Spot ETH ETF funds have been flowing out for several days, with institutional selling pressure continuously suppressing the market.

4H Short-term (Operational Core)

4H RSI≈28.5, extreme oversold, with serious divergence in indicators, short-term rebound energy is being accumulated; after continuous bearish candlesticks, the price consolidates sideways at low levels, MACD green bars slightly shrinking, indicating phase exhaustion of selling pressure, but buying support is weak. The rebound is defined as a correction within a downtrend.

2. Key Support/Resistance Levels

Resistance (from near to far)

1. Short-term first resistance: 1895-1910 (intraday trapped positions + 1H MA20, primary resistance during rebound)

2. Medium-term major resistance: 1950-1970 (critical resistance zone for breaking through; only stabilizing above this zone can ease the downward momentum)

3. Strong resistance: 2000-2030, if daily close remains above 2030, the short-term downtrend will temporarily pause

Support (from near to far)

1. Short-term support: 1835-1840 (intraday low point), a decisive break below could lead to a drop toward the 1800 level

2. Key medium-term support: 1740-1760 (area with dense historical buy orders, core defense zone for bulls in this round)

3. Extreme support: 1700 major level

3. Intraday Trading Strategy

Trend-following Short (Main Strategy)

1. Short on rebounds at 1895~1910 with resistance, stop-loss at 1925, target 1840→1800, if broken, look toward 1750

2. Volume breakdown below 1835, follow the short trend, stop-loss at 1852, target 1800-1760

Light Short-term Long (Quick trades on oversold rebounds)

Rebound from 1835-1840 for small position long entries, stop-loss at 1822, take profit at 1890-1905, exit all resistance zones, no long-term holdings.

4. Trend Summary

The larger cycle remains bearish, dominating the market. Short-term oversold conditions trigger slight rebounds, but do not change the overall downward structure; only if daily closes above 2030 can the short-term decline end and shift into range-bound consolidation. Otherwise, the downward #成长值抽奖赢金条 trend will continue.