June 11 Thursday ETH Afternoon Outlook


On June 11 at noon, Ethereum was trading around 1655, down slightly by 1.4% over 24 hours, generally following Bitcoin's pattern of low-volume sideways movement. The four-hour Bollinger Bands are opening downward, with the price under all short-term moving averages, indicating a weak correction after a decline. The RSI is in the oversold zone with a slight rebound demand, but the MACD bearish momentum has not significantly weakened, and the rebound lacks support from increased funds. Intraday short-term support is at $1600-$1606; a break below this could lead to a test of the strong support zone at $1540-$1505. Short-term resistance is at $1668; only a volume-supported move above $1720 can slightly ease the downward pressure. The subsequent trend remains anchored to Bitcoin's market and trading volume changes.
Trading suggestion: Watch for a rebound around 1660, with a $BTC target of 1610.
BTC0.63%
ETH-0.23%
SOL0.96%
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GateUser-2b554562
· 8h ago
Maybe today goes up for a day, tomorrow goes up for a day, the day after tomorrow stays flat, and the day after that drops. If that's the case, I’ll be wiped out tomorrow.
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