Crypto Circle Li Ying: Analysis of the Latest Market Trends and Trading Suggestions for Ethereum (ETH) at $6.5

Family members, Ethereum is currently priced at 1775, and this wave of correction has been very textbook-like. Let's look at this 2-hour chart. From the pattern, this is a very clear downward channel, with the highs continuously decreasing and the lows constantly being refreshed. The previous rebounds failed to effectively hold above the EMA30 (the yellow line), indicating that the bullish momentum is very weak. Currently, the price is at 1776, just in an awkward middle zone—there's room below to the strong support at 1712, and the resistance at 1820 isn't far above. At such times, the most taboo thing is to place orders based on feelings; we need more rigorous logic to support our trading decisions and avoid being hit back and forth in the oscillation.

Key observation: The EMA7 moving average is currently around 1780, forming the first line of defense. As long as the candlestick bodies cannot close above EMA7, the short-term downward momentum will not change. Regarding the MACD indicator, the DIF and DEA lines are hovering at low levels, which is a typical weak consolidation zone. It’s worth noting that although the MACD histogram hasn't shown a significant increase in downward volume, there is no obvious bullish divergence either, meaning the downward momentum is still present, just taking a temporary rest. The Bollinger Bands are opening downward, which is a dangerous signal; usually, when the bands open downward, it is accompanied by an accelerated decline in price. The current lower band support is at 1734. If this level is broken, it could trigger a new round of panic selling.

Short-term reference:

- For the 1730-1700 range, exit if it breaks below 1670, targeting 1800 and aiming above 1850
- For the 1800-1850 range, exit if it breaks above 1880, targeting 1750 and aiming below 1700

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