Crypto Circle Academician: On June 12, Ethereum's major cycle is firmly dominated by a southward trend, and all rebounds are just windows for shorting! Latest market analysis and trading suggestions

　　
　　Ethereum's current price is 1650. Now, a small rebound has appeared in the second pattern, and after the correction ends, the downward trend is likely to continue. When you don't understand the market, it's better to stay in cash and observe, rather than forcing into the game. Especially for us speculators, after the coin friends who moved north at the high points have adjusted their positions, those who should exit should do so first. Every pullback is an opportunity for everyone. The daily and 4-hour dual charts are both dominated by a southward trend, and the rebound space is tightly locked by moving averages and Fibonacci resistance. The 1730 hurdle is difficult to break through easily.
　　
　　The overall daily K-line is in a large-scale downtrend, with the price far below the 15, 30, 60, 90, and 120 EMA lines, indicating strong southward suppression. The complete Fibonacci downward wave from the high of 4957 to the low of 1503 shows that the rebound only touches the lower zone above 0%. The 78.6% strong resistance level is at 2242, which is currently out of reach for a short-term touch. The MACD indicator's DIF and DEA, with green bars continuing downward, show no obvious bottom divergence reversal signals. The Bollinger Bands are continuously narrowing downward, with the price running just above the lower band. The daily rebound is just a slight correction within the downtrend, and the overall downward pattern remains unchanged. Every rise is an opportunity for high-position shorting.
　　
　　The four-hour K-line previously saw a sharp decline to the low of 1503, followed by a rebound correction. The price is still under pressure below the EMA15, 30, 60, 90, and 120 lines, all diverging downward, indicating the medium-term southward structure remains intact. Fibonacci retracement from the high of 2463 to the low of 1503 shows that the 23.6% resistance at 1730 is the first major obstacle. The MACD shows a slight golden cross with increasing red bars, indicating a technical correction after oversold conditions; the Bollinger Bands are narrowing, and the price is oscillating below the middle band. The four-hour rebound strength is limited, with multiple moving averages acting as resistance above. There is not enough upward momentum to reverse the downward trend, and the rebound space is strictly locked. After a rise, selling pressure from the south will re-emerge.
　　
　　Short-term reference:
　　
　　Rebound from 1720 to 1750 southward, stop loss at 1800, target 1650 to 1550
　　
　　Rebound from 1600 to 1550 northward, stop loss at 1500, target 1650 to 1720
　　
　　Specific operations should be based on real-time market data. For more information, contact the author. The article may have delays; use for reference at your own risk.