Wednesday, June 3rd ETH Evening Strategy

As of the evening of June 3rd, Ethereum fluctuated between $1,840 and $1,880, down about 5%-6% over 24 hours, once dropping below $1,820, hitting a new low since late February.
Spot ETF has experienced net outflows for 15 consecutive days, totaling $845 million over four weeks; the entire network has liquidated about $320 million, mostly long positions.
Technical analysis shows oversold rebound demand, but currently considered a temporary correction in a downtrend.
Resistance above is at $1,900-$1,920, only a break above $1,950-$2,000 can ease the bearish pressure;
Support below is at $1,820-$1,840, if broken, look for $1,750-$1,780.
In terms of operations, a light short attempt can be made if a rebound faces resistance at $1,900, while cautious traders may wait for stabilization.
Operation suggestion: look for a short around $1,880 on rebound, target $1,850, and if broken, $BTC see $1,820.