Crypto Circle Academician: Analysis of Ethereum's Latest Market Trends on 6.7 and Trading Recommendations

Ethereum's current price is 1555, with the daily K-line breaking below a key support level. All EMA lines are arranged in a downward pattern, and the price has consistently stayed below the moving averages, indicating a stable downtrend. In the MACD indicator, DIF and DEA continue to decline, with the green histogram expanding, showing no signs of weakening downward momentum. The Bollinger Bands are opening downward, and the price has broken below the lower band, indicating an oversold condition. There is a short-term technical rebound demand, but the 78.6% Fibonacci resistance level near 2148 is quite strong, limiting the rebound space. The 1384 level below is a strong support.

The four-hour K-line continues to decline along the downward channel, with the lower Bollinger Band extending downward. The price remains close to the lower band, with strong downward momentum. EMA lines are arranged downward, and the gap between short-term and long-term moving averages continues to widen, showing no clear sign of trend slowdown. The MACD green histogram continues to grow, with DIF and DEA declining below the zero line, showing no signs of reversal. The short-term support is around 1503, and resistance is near 1730. Rebounds are likely to be suppressed by moving averages and fall back.

Short-term reference:

Above 1620 to 1660 trending downward, stop loss at 1690, target 1570 to 1500

Below 1510 to 1470 trending upward, stop loss at 1430, target 1570 to 1620

Honestly, in this market, the risk of bottom-fishing is much greater than shorting. Many people keep thinking, "It's fallen so much, it should rise now," only to be repeatedly educated by the market. Instead of betting on a rebound, it's better to follow the trend. Rebound shorts may not be highly profitable, but they are at least safer. In the crypto world, capital safety always comes first. $ETH ‌#预测NBA总冠军赢20,000U