6.5 ETH Analysis

The moving average system shows a standard bearish alignment, with medium- and long-term moving averages far above the current price, forming continuous suppression. The short-term moving average nearly overlaps with the midline, and the price has not been able to effectively break above this key level, reflecting weak rebounds and heavy selling pressure overhead.

Regarding the Bollinger Bands, the price has moved below the midline and continues to approach the lower band. The channel is slightly narrowing overall, indicating that short-term may remain weak and volatile rather than quickly reversing. The lower band is currently the only short-term support reference; once broken, the downward slope may accelerate.

The KDJ indicator has formed a death cross and continues to diverge downward, with the J value entering the weak zone, indicating that short-term bearish momentum is still being released and no clear sign of a trend reversal has appeared.

Overall, ETH's short-term trend is bearish, with limited rebound strength. The market is currently in a "weak equilibrium" state, but in the absence of buying support, the probability of testing support levels downward is higher. Cautious operation is advised, waiting for the price to stabilize above the midline before considering long positions; otherwise, a bearish approach should be maintained.

Trading suggestion: 1830-1860 range, target 1750-1700.$ETH