June 7th $ETH Afternoon Analysis

Short-term opportunity: Price breaks above the 1600 level, significant net capital inflow, MACD golden cross continues, rebound momentum is strong; if volume increases and stabilizes above 1605, the rebound space is expected to open further.
Potential risk: KDJ overbought, short-term correction pressure appears; the medium-term MA89 moving average still presses downward, indicating the current market is more inclined toward a correction after decline rather than a trend reversal.
Operation suggestions:
In the short term, focus on support around 1580, and if the pullback does not break below, consider light positions to participate in the rebound; if volume increases and breaks below 1570, be alert to the risk of a second bottom.