ETH June 4, 2026 Intraday Technical Analysis + Practical Strategies (Current Price ≈ 1790 USDT)

I. Cycle Technical Indicator Review

1. Daily Chart Level (Major Downtrend)

• Moving Averages: Price has broken below MA15/30/60, with bearish MA alignment; overhead moving averages continue to exert pressure, with 2000 and 2200 shifting from support to medium- and long-term strong resistance.

• Bollinger Bands: Daily Bollinger Bands are opening downward, with price operating below the lower band, indicating an open downward channel.

• MACD: Operating below the zero line, green bars continue to expand, indicating ongoing bearish momentum; RSI ≈ 29 enters oversold territory, suggesting short-term technical rebound potential, but unlikely to change the daily downtrend structure.

• Weekly Chart: Weekly decline exceeds 11%, with the entire week showing a unilateral downward movement, confirming a confirmed weekly bearish trend.

2. 4H Chart Level (Short-term Weak, Oversold Rebound Expected)

• 4H Price closely hugging the lower Bollinger Band, all short-term moving averages are downward, with the first resistance at 1880; RSI at 28.5 is deeply oversold, MACD green bars slightly shrinking, indicating an oversold rebound demand, defined as a correction of the decline, not a reversal.

• Hourly Chart: Short-term oscillation range between 1770–1800, hourly resistance at 1800 and 1839; support at 1757 and 1701.

II. Key Price Levels (Intraday Core)

Resistance Levels

1. Short-term R1: 1800 (Hourly trend resistance line)

2. Intraday R2: 1880–1893 (4H first strong resistance, rebound watershed)

3. Swing R3: 1948–2005 (Daily heavy resistance zone)

Support Levels

1. S1: 1757 (Intraday first defense)

2. S2: 1701 (Mid-term key support, a breakdown opens deep decline to 1634)

3. S3: 1633 (Extreme downside target)

III. Trading Strategies by Type

【Short-term Contract Strategy (Intraday short-term, light position)】

1. Short Entry Ideas (Main approach, aligning with major downtrend)

• Entry 1: Short on rebound at 1870–1890 facing resistance, stop loss at 1925, targets 1810 → 1760 → 1705

• Entry 2: Slight short above 1800 after a small rebound near 1820, stop loss at 1855, target 1770

2. Short-term Long Ideas (Only oversold bounce, quick in and out, small positions)
Wait for a dip to 1755–1770 with a bullish candle to attempt longs, stop loss at 1740, targets 1798 → 1820; exit all near 1870, no long-term longs;
If volume breaks below 1750, abandon longs and follow the trend to short at 1700.

【Spot Trading Strategy】

1. Holding Spot: Partially reduce positions on rebounds at 1870–1900 to avoid risks of a second dip to 1700;

2. Bottom-fishing: Do not rush into heavy bottom-fishing; once stabilized above the 1905 daily resistance, gradually build positions; if a small bottoming candle appears near 1700, try small positions to confirm support; if broken below 1690, stop loss and wait on the sidelines.

IV. Risk Control Reminder

1. The major cycle remains bearish; treat all rebounds primarily as shorting opportunities; oversold conditions are limited to short-term arbitrage;

2. Breakdown rules: Volume break below 1757 directly targets 1700; if effectively stabilizing above 1893, the short-term downtrend pauses, and consider a rebound towards $ETH 1950 for adjustment.