From the daily chart perspective, Ethereum has been dropping from a high point all the way down to 1503. The bearish momentum has been fully released. After two days of weekend trading, the price has formed a large U-shaped bottom on the 4-hour chart, indicating that the bulls have started to counterattack. The area between 1640 and 1620 is a concentrated zone of buy orders. As long as it does not effectively break below 1620, the bullish trend remains intact, making it an excellent low-entry zone. The area around 1780 above is a previous consolidation platform during the decline. The first time reaching this level, there is a high probability of a pullback.

It is recommended to enter long positions around 1640-1620, with targets at 1700-1720. Once broken, look for a move up to around 1750-1780.

Bitcoin rose from early May to 82,800, then began an almost vertical decline. It bottomed near 59,080 on June 5th, and after forming a double bottom with needle-like lows the next day, it rebounded from the lower band. The 61,700 level is the support at the 4-hour midline. As long as Bitcoin does not fall below this level today, it indicates that the short-term downtrend is slowing, and the price is entering a consolidation and bottoming phase.

It is recommended to go long around 62,100-61,700, with targets at 63,600-64,100. Once broken, look for a move up to around 65,400-66,600.

Market conditions change rapidly; strategies are for reference only. Use stop-loss and take-profit orders properly.