6.12. ETH Today’s Trading Strategy

　　Ethereum’s current price is 1660—this price action feels like riding a roller coaster! It previously fell from 2149 all the way down to 1503. After finally rebounding a bit, it’s now back to dragging around here again. If you’re a retail trader watching the chart, don’t panic. First, understand what support and resistance are—just like there’s a little convenience store downstairs (support). If prices rise too high, they have to come back down and take a breather (resistance). Now the price keeps bouncing back and forth in this range. Should it keep falling, or can it push up? Don’t rush—let’s break down the technical indicators piece by piece and explain them clearly!

　　In the moving average system, the 7-day, 30-day, and 120-day moving averages are all slanting downward, which shows that the bigger trend is still dominated by the bears, and the price is being pressed down hard. As for the MACD indicator, the green histogram bars are getting shorter and shorter, and the fast and slow lines are slowly approaching each other below the zero line—like it’s about to slow down and catch its breath because it can’t fall much further. The Bollinger Bands’ upper and lower tracks are narrowing, and the price is hovering near the middle band. This is a typical “turning point before a change” setup: either it breaks up through the middle band, or it breaks below the lower band to seek new lows. When you put these indicators together, they’re telling you: short-term consolidation—direction hasn’t been decided yet, but the bears haven’t completely surrendered!

　　Short-line reference:

　　Go long in the 1630-1650 range. If it breaks below 1560, exit. Target 1680, aiming for above 1720.

　　Go long in the 1700-1730 range. If it breaks above 1760, exit. Target 1650, aiming for below 1600.

　　— I’m Blue Ge, a teacher focused on technical analysis. If you have any questions about trading or if there are issues with the trend, friends can exchange and learn with me together! Let’s communicate together and profit together!