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.