June 13, 2026 ETH Contract Technical Analysis (Current Price ~1,675 USDT)

I. Trend Structure (Daily Chart D1)

• Major trend: Bearish dominance; price has been staying below the 200MA (~1,700) for a long time.

• Short-term moving averages: Above the 50MA (1,645) and 20MA (1,654), showing a pattern of short-term long bias within a broader mid-term bearish structure.

• Pattern: After falling from the May high, this month’s decline is about 15%; it is currently in a low-range consolidation and base-building phase.

• RSI(14): ≈53, neutral, no obvious overbought or oversold conditions.

• MACD: Below the zero line; the green histogram bars are converging, bearish momentum is weakening, bulls are testing, and there is no reversal golden cross.

II. Key Support / Resistance (Short-term Contract)

• Resistance zones

◦ R1: 1,687–1,690 (strong intraday pressure, early-morning high)

◦ R2: 1,708–1,720 (weekly watershed; upper boundary of the descending channel)

◦ R3: 1,730 (Fibonacci 23.6%, strong resistance)

• Support zones

◦ S1: 1,650–1,652 (core intraday support; multiple pullbacks)

◦ S2: 1,630–1,632 (7-day moving average; yesterday’s low)

◦ S3: 1,580–1,600 (lower end of the range; strong support band)

III. Short-term (4H) Trading Logic

• Overall tone: Low-range consolidation with a bullish repair bias; if 1,720 is not broken, do not look for a bullish reversal.

• Shorting zone: Rejection and pullback from 1,708–1,720; take light shorts, stop-loss at 1,730+, targets 1,650 → 1,630.

• Long zone: Stabilize and close with bullish candles at 1,630–1,650; take light longs, stop-loss at 1,620-, targets 1,685 → 1,710.

• Neutral / wait-and-see: Range-bound between 1,650–1,690; if it does not break out, do not take heavy positions.

IV. Risk Warnings

• Liquidity is poor over the weekend; higher risk of spikes (needle moves) and slippage; position size ≤20%.

• BTC correlation is extremely strong; if BTC breaks down, it will directly drag ETH down.

• The rebound is a weak repair; before a breakout is confirmed by volume, do not chase the highs and do not expect a bullish reversal.
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