6.15. ETH Today's Trading Strategy

Ethereum's current price is 1710, and this trend is like a roller coaster! It previously dropped from 2149 all the way down to 1503, and after a hard-earned rebound, it's now stalling again. Retail traders, don't panic when watching the market; first, understand what support and resistance are—just like there's a small convenience store downstairs (support), and when prices go too high, they need to take a break (resistance). Now the price is bouncing back and forth within this range. Will it continue to fall or break through and go higher? Don't rush; let's break down the technical indicators clearly!

The moving average system, with 7-day, 30-day, and 120-day moving averages all trending downward, indicates that the overall trend is still bullish, but the price is being heavily suppressed; the MACD indicator shows the red bars getting shorter and the fast and slow lines slowly approaching below the zero line, like it's running out of steam and needs to catch its breath; Bollinger Bands are expanding, and the price is hovering near the upper band. This is a typical pre-breakout signal—either breaking above the upper band or falling below the middle band to find a new low. These indicators together tell you: short-term consolidation, the direction is not yet decided.

Trading suggestion: Short near 1730~1710, look for a drop to 1680~1660

Long around 1660~1670, aiming for 1750~1760

— I am Blue Ge, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to exchange ideas with me! Let's learn and profit together!