2026.06.08 ETH Technical Analysis (Current Price ~1,688 USDT)

I. Overall Market Trend and Today’s Positioning

• Major Trend: Monthly -27.4%, Weekly -15.9%, medium to long-term bear market, significant pullback from over 2,300.

• Today’s Structure: +6.64% in 24 hours, strong rebound, linked to BTC oversold recovery, not a reversal.

• Sentiment: Fear and Greed Index = 12 (Extreme Fear), rebound volume is average, funds are cautious.

II. Key Price Levels (Intraday)

• Strong Resistance: 1,722 / 1,754 / 1,800

• Strong Support: 1,650 (Pivot) / 1,600 / 1,582

III. Technical Indicators (Daily + 4H)

• Daily

◦ Price below EMA15/30/60, moving averages are in a bearish alignment.

◦ MACD below zero line, green bars narrowing, bearish momentum weakening, no reversal.

◦ RSI ≈ 35, in oversold rebound zone, limited bullish momentum.

◦ Bollinger Bands opening downward, price rebounded after approaching the lower band.

• 4 Hours

◦ MACD golden cross, increasing red bars, short-term rebound momentum strong.

◦ Break above the 100-hour moving average, midline at 1,630 becomes support.

IV. Short-term Trading Strategy (6.8)

1. Main Strategy: Rebound to short (aligned with the major trend)

◦ Entry: 1,720–1,750, pullback under pressure

◦ Stop Loss: >1,770

◦ Take Profit: 1,650 → 1,600

2. Auxiliary: Light long positions at low levels (oversold rebound)

◦ Entry: 1,600–1,620, stabilization

◦ Stop Loss: <1,580

◦ Take Profit: 1,680–1,710

3. Wait and see

◦ If volume increases and price stabilizes above 1,770, short-term shifts to sideways or bullish, pause short positions.

V. Important Reminders

• Bear market rebound, not a reversal; strictly use light positions, avoid chasing highs, do not hold large positions.

• Strong linkage with BTC; if BTC breaks down, ETH #比特币回升5% may drop to 1,580.