June 9, 2026 ETH Technical Analysis + Intraday Strategy (Current Price ≈ 1,670 USDT)

1. Trend Qualitative Analysis

• Major Trend: 60-day high of 2,465 → low of 1,505, maximum drawdown -38.93%, a clear mid-term bear market.

• Today's Structure: Rebounded from 1,505 to 1,721 then decreased on low volume, oversold rebound followed by consolidation, no reversal.

• Sentiment: Daily RSI ≈ 27 (oversold), initial bottom divergence, bearish momentum weakening, no reversal.

2. Key Price Levels (Intraday)

• Strong Resistance: 1,700 / 1,721 / 1,750

• Strong Support: 1,650 / 1,614 / 1,583

3. Technical Snapshot (Daily + 4H)

• Daily

◦ Price below MA50/EMA60, moving averages are in a bearish alignment.

◦ MACD below zero line, green bars converging, bearish momentum weakening.

◦ RSI ≈ 27, oversold + bottom divergence, limited rebound momentum.

◦ Bollinger Bands opening downward, middle band acting as strong resistance.

• 4-Hour

◦ 1,721 forms a short-term double top, pulling back to 1,670.

◦ 1,650 is the short-term support/resistance threshold; holding above favors bullish, breaking below favors bearish.

4. Intraday Trading Strategy (6.9)

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

• Entry: 1,700–1,720, facing resistance and pulling back

• Stop Loss: >1,750

• Take Profit: 1,650 → 1,614

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

• Entry: 1,614–1,630, stabilization

• Stop Loss: <1,583

• Take Profit: 1,680–1,700

3) Risk Control and Observation Rules

• Volume breakout above 1,750: Pause short positions, switch to short-term consolidation/bullish, avoid chasing highs.

• Break below 1,583: Abandon longs, follow the trend down to 1,505.

• Position Size: Total position ≤20%, single trade ≤10%, mainly light positions in a bear market.

5. Core Logic

• Bear market rebound + consolidation bottoming is not a trend reversal; rebounds are opportunities to short.

• Strong correlation with BTC; if BTC breaks down, ETH will #伊朗袭击以色列 also test 1,505.