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6.8 ETH Analysis
Market Analysis:
Low-level fluctuation correction, bulls still need to gather strength for a counterattack. Market review:
ETH rebounded after touching the 1503 low point, with the price gradually shifting higher in the early morning. However, the bulls' multiple attempts to push higher have failed to break through the resistance above. Currently, the market remains in a technical correction phase after a sharp decline, and no reversal trend has formed yet.
Technical Indicators: The daily bearish pattern remains unchanged, with the price continuing to be pressured below the moving averages; although the 4-hour chart indicators have slightly improved, trading volume has not followed, and upward momentum is weak. Short-term consolidation is expected to continue within a narrow range.
Key Position Reserves:
Resistance above: 1730 / 1780
Support below: 1620 / 1580
USD Reminder: In trading, avoid blindly chasing highs, and patiently wait for the trend to be confirmed.
$ETH #ETH