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

1. Trend Structure (Daily Chart D1)
• Major Trend: Bearish dominance, price remains below the 200MA (~1,700) for a long time.
• Short-term Moving Averages: Above the 50MA (1,645) and 20MA (1,654), showing a short-term bullish and medium-term bearish pattern.
• Pattern: Retraced from the May high, about 15% decline this month, currently in a low-range consolidation phase.
• RSI(14): ≈53, neutral, no obvious overbought or oversold signals.
• MACD: Below zero line, green bars converging, bearish weakening, bullish attempts, no golden cross reversal.
2. Key Support / Resistance (Short-term Contract)
• Resistance Zones
◦ R1: 1,687–1,690 (Intraday strong resistance, early morning high)
◦ R2: 1,708–1,720 (Weekly dividing line, upper boundary of the downtrend channel)
◦ R3: 1,730 (Fibonacci 23.6%, strong resistance)
• Support Zones
◦ S1: 1,650–1,652 (Intraday core support, multiple rebounds)
◦ S2: 1,630–1,632 (7-day moving average, yesterday’s low)
◦ S3: 1,580–1,600 (Range bottom, strong support zone)
3. Short-term (4H) Trading Logic
• Overall Tone: Low-range consolidation, slight bullish correction; no bullish reversal unless above 1,720.
• Shorting Zone: Resistance at 1,708–1,720, light short positions, stop loss above 1,730, target 1,650 → 1,630.
• Long Zone: Stabilization and bullish close above 1,630–1,650, light long positions, stop loss below 1,620, target 1,685 → 1,710.
• Neutral Wait-and-See: Range-bound between 1,650–1,690, no heavy positions unless broken.
4. Risk Warning
• Weekend liquidity is poor, high risk of slippage and gaps, position size ≤20%.
• Strong correlation with BTC, a breakdown in BTC will directly crash ETH.
• Rebound is a weak correction, do not chase high or expect a bullish reversal before volume breaks #我的Gate交易时刻 through.