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BTC/ETH Technical Analysis: Key Support and Resistance Levels Overview (June 4)
After the sharp decline on June 4, many significant signals appeared on the technical side. Here are the key levels.
Bitcoin: Current price around $62,800. Strong support at $62,000 (previous low), $60,000 (psychological level and near the 200-day moving average). Short-term resistance at $64,500 (small platform broken during the decline), $65,000 (psychological level). Daily RSI dropped to 32, approaching oversold; 4-hour timeframe shows a potential bullish divergence, which, if confirmed, could trigger a rebound.
Ethereum: Current price around $1,740. Strong support at $1,700 (consolidation zone from November 2025), $1,550–$1,600 (rally starting point from September 2025). Short-term resistance at $1,800 (turned into resistance after being broken), $1,880 (previous small platform). Daily RSI at 28.5, officially entering oversold territory; Bollinger Bands' lower band widening, price running along the lower band, indicating severe overselling.
Trend forecast: BTC is likely to fluctuate in the 62,000–64,000 range for 2-3 days before choosing a direction. ETH has a short-term technical rebound demand, with the first target at 1,760–1,780, and the second at 1,800. However, the strength of the rebound depends on whether BTC can stabilize.
Trading suggestions: Aggressive traders can try small long positions around ETH 1,700–1,720 with a stop loss at 1,680 and take profit at 1,780. Conservative traders should wait until BTC stabilizes above 63,500 and ETH above 1,760 before entering on the right side. Currently, shorting is not recommended due to severe overselling and limited downside space.
#ETH decline exceeds 5%
$ETH