Crypto Circle Li Ying: June 11 Ethereum (ETH) Latest Market Analysis and Trading Recommendations

　　
Family members, Ethereum is currently priced at 1660. This trend is like a roller coaster! It previously dropped from 2149 all the way down to 1503. After a hard-earned rebound, it's now stalling again. Retail traders, don't panic when watching the market. First, understand what support and resistance are—like a small convenience store downstairs (support), when prices go too high, they need to take a break (resistance). Now the price is bouncing back and forth within this range. Will it continue to fall or break through and surge? Don’t rush; let’s break down the technical indicators clearly,
　　
　　Moving average system, the 7-day, 30-day, and 120-day moving averages are all trending downward, indicating that the overall trend is still dominated by bears, and the price is being heavily suppressed; as for the MACD indicator, the green bars are getting shorter, and the fast and slow lines are gradually approaching below the zero line, like struggling to move and gasping for air; Bollinger Bands' upper and lower bands are narrowing, with the price oscillating near the middle band. This is a typical pre-volatile signal—either breaking above the middle band or falling below the lower band to find a new low. These indicators together tell you: short-term consolidation, the direction is not yet decided, but the bears haven't completely given up!
　　
　　Short-term reference:
　　
　　Buy at 1630-1600, exit if below 1560, target 1680 aiming for above 1720
　　
　　Sell at 1700-1730, exit if above 1760, 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; trade at your own risk. We hope Li Ying’s insights will be helpful to you!
　　
　　The content is real-time and for reference only. Trade at your own risk. $ETH ‌#我的Gate交易时刻