1. Current Price and Overview (June 12, 2026, 12:03 UTC+8)

• Current Price: $1,674 (24h +2.1%)

• Intraday Range: $1,628 (low) — $1,678 (high)

• Key Judgment: Major long-term bearish trend, short-term oversold rebound, linked to BTC recovery, mainly shorting on rebounds
2. Key Levels (ETH/USDT Contract)

Support Levels

• Strong Support: $1,580–$1,600 (recent important bottom, if broken downward look to $1,505)

• First Support: $1,630–$1,640 (short-term bull-bear dividing line)

• Second Support: $1,650 (intraday correction support, weakening if broken)

Resistance Levels

• First Resistance: $1,690–$1,700 (intraday high + supply zone)

• Second Resistance: $1,720–$1,730 (key resistance on June 8, confirmed rebound after stabilization)

• Strong Resistance: $1,780–$1,800 (daily MA50, medium-term bearish defense line)
3. Technical Analysis Breakdown

1. Daily Chart (Trend: Bearish Dominance)

• Moving Averages: Price below MA100/200, long-term bearish alignment

• RSI: 53.9, neutral, slight rebound after oversold, no reversal signal

• MACD: below zero line, green bars converging, bearish momentum weakening, rebound as correction

• Conclusion: Daily trend remains bearish, rebound is a shorting opportunity

2. 4-Hour Chart (Rebound Structure: Oversold Correction)

• Pattern: Bottoming near $1,600, V-shaped rebound, consecutive bullish candles

• RSI: 53, neutral, no overbought, room for further rebound

• MACD: bullish divergence + golden cross, short-term bullish momentum strengthening

• Moving Averages: above MA20/50, short-term bottom confirmed

3. 15-Minute Chart (Short-term Rhythm: Oscillation Slightly Bullish)

• Structure: Upward channel, lows rising, highs moving higher

• Volume: decreasing on upward moves, steady on pullbacks, insufficient momentum for chasing highs

• Conclusion: Short-term oscillation leaning bullish, potential for pullback at high levels, avoid chasing highs
4. Core Logic and Trading Recommendations

Core Logic

• Major Trend: Daily chart bearish, rebound not reversal, mainly shorting on rallies

• Short-term: 4-hour correction rebound, small long positions possible, take profits promptly

• Key: $1,700 is a critical dividing line, watch for stabilization above $1,730, a break below indicates return to weakness

Contract Trading (Short-term)

• Long Positions: Light positions at $1,640–$1,650, stop-loss at $1,625, target $1,680–$1,690

• Short Positions: Light positions at $1,690–$1,700, stop-loss at $1,715, target $1,650–$1,630

• Mid-term: Gradually short around $1,730, stop-loss at $1,760, target $1,600–$1,580
5. Risk Warning

• Insufficient rebound volume, beware of double bottom

• Strong linkage with BTC, BTC pullback may trigger ETH collapse

• Position ≤20%, strict stop-loss, do not hold large positions $ETH or over-leverage