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ETH Market Analysis 2026.06.15
On June 1st, it was pointed out that ETH's decline was not over yet and a target of 1500 was given. Subsequently, ETH dropped from 2020 to 1505. Currently, since rebounding from 1505, the increase has reached over 16%, and this week we will closely monitor this level:
The green Gann angle line on 3/1 is currently at 1790. If this line can be broken this week, the rebound still has momentum, and the 1500 rebound level may expand into a full correction against the red segment of the chart. After breaking and stabilizing above 1790, closely watch 1860-1902; in terms of timing, focus on this week and next week. If key resistance levels at important times coincide, a rebound termination point may occur. After identifying the rebound endpoint, ETH will continue to decline.
If ETH cannot break through 1790 after persistent efforts this week, be alert that the rebound starting from 1505 is only targeting the blue segment of the chart, and at this path, 1505 cannot form a phase low. #eth $ETH