Crypto Circle Li Ying: June 10th Ethereum (ETH) Latest Market Analysis and Trading Recommendations

　　
Family, Ethereum is currently priced at 1636. This trend really makes people anxious. From mid-May to now, the price has dropped from over 2300 to around 1600, with hardly any significant rebound in between, just like a downhill slope that can't stop. Now the price is fluctuating around 1636, many people are asking if it's the end? To be honest, we haven't seen clear reversal signals yet; the overall trend is still downward. But in the short term, the decline is a bit rapid, so there might be a small rebound to catch a breath.
　　
　　From a technical perspective, the EMA moving average system is in a bearish arrangement, with moving averages diverging downward in sequence, and the price remains below the moving averages, indicating the medium-term downtrend has not changed. The MACD indicator is operating below the zero line; although the green bars have shortened, the fast and slow lines are still hovering at low levels, showing insufficient rebound momentum. Regarding Bollinger Bands, the price is near the lower band, with the opening slightly narrowing but still in a downward channel; the upper band at 1706 forms a strong resistance level. Overall, the bearish force is dominant, and any rebound may be an opportunity to reduce positions rather than a sign of reversal. Li Ying reminds everyone to beware of false breakout traps.
　　
　　Short-term reference:
　　
　　For long positions, 1630-1600, exit if below 1560, target 1680 aiming for above 1720.
　　
　　For short positions, 1680-1700, exit if above 1730, target 1650 aiming for below 1600.
　　
　　The above content is exclusively original by Li Ying. Please indicate the source when reprinting! Due to delays in article review and publication, market conditions change rapidly; the above suggestions are for reference only, and you bear the risks. We hope Li Ying's insights will be helpful to you!
　　
　　The content is real-time and for reference only; please $ETH bear the risks.