Crypto Circle Li Ying: June 13th Ethereum (ETH) Latest Market Analysis and Trading Recommendations

Family members, Ethereum is currently priced at 1665, and the trend is truly a love-hate relationship! Dropping from over 2000 down to 1503, it’s heartbreaking to watch. But fortunately, in recent days it has finally stabilized, oscillating around 1668, as if gathering strength for a rebound. At this position, many are torn between bottom-fishing and continuing to watch. Actually, don’t be scared off by the previous decline; markets always have ups and downs, the key is to understand the signals now. Today, let’s talk about how to operate safely and profitably at this critical juncture, without blindly chasing highs or panicking and selling lows!

From a technical perspective, on the 2-hour chart, a clear bottom reversal pattern has already formed. The price has successfully risen above the EMA7 and EMA30 moving averages, and the MACD indicator has formed a golden cross below the zero line with increasing volume. Although the red histogram bars have shortened, the momentum remains, indicating that the bulls’ strength is gradually increasing. After the Bollinger Bands contracted and began to flatten, the middle band at 1663 has become a strong support, with the upper band resistance at 1688. The current price is closely following the middle band; if it can effectively break through 1680, it will confirm the establishment of a short-term upward trend, targeting the EMA120 resistance at 1714.

Short-term reference:

- For long positions: 1650-1620, exit if it breaks below 1580, aiming for 1680 and above 1720

- For short positions: 1700-1730, exit if it breaks above 1760, targeting 1650 and below 1600

All 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 article content is real-time and for reference only; $ETH trade cautiously.