6.10 Midday ETH Analysis



Currently, the two-hour chart remains in a sideways downward channel, with the price continuously trading below the middle band of the Bollinger Bands, and the upper band pressing downward simultaneously. There are no clear signs of a short-term bullish reversal. The price has approached the key support level at the lower Bollinger Band, and although there are slight signs of stabilization near previous lows, indicating some buying interest at this level, the overall strength is weak, and the rebound height is limited.

From the candlestick pattern perspective, the price’s center of gravity continues to shift downward, and the Bollinger Bands are still slowly expanding, suggesting that the short-term downward momentum has not fully exhausted, and a clear bottoming signal has not yet formed. The price has repeatedly rebounded but failed to break through the resistance at the middle Bollinger Band, which remains a strong obstacle and a key bottleneck for short-term rebounds.

Trading suggestion: 1560-1590, target 1640-1700. $GT $BTC $ETH
GT-0.15%
BTC-2%
ETH-2.12%
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KIYOMASA
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MC:$2.2KHolders:1
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