June 8, 2026 ETH Technical Analysis + Intraday Strategy (Current price ≈ 1,688 USDT)

1. Trend Positioning

• Major trend: Monthly -27.4%, Weekly -15.9%, clear mid-term bear market, rebound is a correction within a downtrend.

• Today's structure: +6.6% in 24 hours, linked to BTC oversold rebound, not a reversal.

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

2. Key Price Levels (Intraday)

• Strong Resistance: 1,700 / 1,750 / 1,800

• Strong Support: 1,620 / 1,590 / 1,500

3. Technical Snapshot (Daily + 4H)

• Daily

◦ Price below EMA15/30/60, all 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, bullish momentum limited.

◦ Bollinger Bands opening downward, lower band support around 1,590.

• 4 Hours

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

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

4. Intraday Trading Strategy (6.8)

1) Main Strategy: Rebound Short (Follow the Major Trend)

• Entry: 1,730–1,750, sell into resistance on pullback

• Stop Loss: >1,780

• Take Profit: 1,650 → 1,600 → 1,550

2) Secondary Strategy: Light Long Positions at Low Levels (Oversold Rebound)

• Entry: 1,620–1,640, stabilize

• Stop Loss: <1,590

• Take Profit: 1,700–1,730

3) Risk Control and Observation Rules

• Volume breakout above 1,780: pause short positions, switch to sideways/bullish, do not chase highs.

• Break below 1,590: abandon long positions, follow the trend down to 1,500.

• Position size: total position ≤ 20%, single trade ≤ 10%, avoid heavy positions in a bear market.

5. Core Logic

• Currently a bear market rebound, not a reversal; rebound is an opportunity to short, not a reason to chase longs.

• Strong linkage with BTC; if BTC breaks down, ETH #比特币回升5% may drop to 1,500.