June 4, 2026 ETH/USD Daily Technical Analysis (Current Price ≈ 1790 USDT)

Overall conclusion: The long-term bearish trend is established, the daily chart is deeply oversold, and a short-term technical correction window has opened. The rebound will mainly be characterized by pressure and oscillation; until key support is broken, only oversold rebounds are expected, not a bullish reversal.

1. Multi-timeframe indicator breakdown

1. Daily level (trend dominant)

1. Moving averages: SMA20/50/100 form a bearish alignment (2106/2238/2159), with price operating below all moving averages, indicating a solid medium- to long-term bearish structure, with dense resistance above.

2. Bollinger Bands: The channel is opening downward; price broke below the daily lower Bollinger band at 1875, leaving the Bollinger range, indicating an extreme oversold condition.

3. RSI(14)=30.2: Approaching the oversold threshold of 30, re-entering the oversold zone since August 2025, with historical patterns likely to trigger a short-term corrective rebound.

4. MACD: Operating below the zero line, green bars slightly narrowing, diminishing downward momentum, but no bullish crossover signals, only a correction signal indicating stabilization.

5. Candlestick pattern: Consecutive large bearish candles, thoroughly losing the key 2000 level, turning previous support into strong medium-term resistance.

2. 4-hour level (short-term trading core)

1. Moving averages: Short-term EMA bearish pressure, with 1900 forming the first short-term resistance, price continuously operating below the cloud and moving averages.

2. RSI=28.7: Clearly in oversold territory, short-term selling pressure fully released, with potential for small rebound demand.

3. MACD: Green bars at low levels continue to shrink, with a bottom divergence emerging, increasing the probability of a short-term rebound, but the rebound height is limited.

4. Bollinger Bands: Price hugging the lower band at 1809, with the bands not yet closing, indicating a large oscillation downward channel remains.

3. Hourly chart (intraday short-term)

Current price 1790, trading sideways in the 1770-1830 range; Fibonacci resistance at 1800 (50%) and 1820 (61.8%); supports at 1757 and an extreme support at 1701.

2. Key support & resistance levels

【Supports from near to far】

1. Short-term S1: 1755-1760 (intraday first defense, acceleration if broken downward)

2. Medium-term S2: 1700-1705 (important weekly psychological and structural support, a break below targets 1635)

3. Extreme S3: 1633 (target for this wave of decline)

【Resistances from near to far】

1. R1: 1800-1830 (intraday first resistance, hourly Fibonacci pressure zone)

2. R2: 1880-1905 (dense resistance from 4-hour moving averages, strong rebound hurdle)

3. R3: 2000-2040 (previous platform, only reclaiming this zone could reverse the short-term bearish trend)

3. Multi-timeframe trading strategy

Short-term (intraday, 1H/4H)

• Defensive long: buy small on dips below 1755, target 1800→1825, stop-loss below 1745;

• Rebound short: short at resistance around 1880-1900, target 1830→1760, stop-loss above 1920;

• Risk control: short aggressively if volume breaks below 1755, targeting 1700.

Swing (daily, medium- to long-term)

• Until price stabilizes above 2050, all upward moves are considered a bearish correction, with a focus on shorting rebounds;

• Only if the daily close stabilizes above 2100, will the bearish outlook be revised, and long positions can be considered;

• Spot trading: consider phased low buys around 1700, stop adding #Gate携手Alpaca链接数字资产与股票金融交易 if broken below 1633.