6.9 Ethereum Analysis

ETH touched the upper Bollinger band and met resistance, then pulled back. The previous high at 1721 formed strong pressure, and bullish upside momentum began to weaken. The KDJ indicator formed a death cross in the overbought zone; the J value fell back to 46.10. Selling pressure concentrated and released, and bearish momentum gradually took the lead. Meanwhile, the bearish candlestick body at a high level expanded, and a short-term top formation has initially begun to take shape. If it fails to reclaim the upper-band range, it is likely to move toward the lower band.

In terms of the market, current macro expectations are relatively cautious, and the willingness for funds to lock in profits at high levels has increased. Short-term profit-taking by speculative capital further amplifies the pressure of the pullback. Combined with the generally weak correlation among major assets, overall market risk appetite has fallen. With bulls lacking sustained incremental capital support, and with a resonance between technical and market factors, the short-term pullback trend has basically been established.

 

Trading idea: 1730-1760 range, target 1650-1580. $BTC $GT $ETH #分享美股交易赢英伟达股票