June 9 Ethereum Midday Public Strategy



In the early session, a bottoming and shakeout structure was formed. The low was probed to 1653.09. After the bearish momentum was completely released, bullish funds concentrated and entered the market, resulting in a coherent reversal and a surge. During the day, a new intraday high was set at 1671, and the current price is 1666.

The bottom large bullish candlestick has a solid body. During the rally, pullbacks were only small bearish candles and doji stars for consolidation, with no continuous large bearish candles smashing the market. Volume and price show the standard bullish strength pattern: declining volume on sell-offs and expanding volume on rallies. The buy-support/absorption strength for low-level positions is sufficient, and the main intraday trend favors the bulls.

Operation suggestion: On the rebound near 1680, go south. The first target is 1600, and the second target is 1550.

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GateUser-2b554562
· 31m ago
When will it drop to 1600–1550?
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