Crypto Circle Academician: Is there a divergence in Ethereum's large cycle on 6.17? Latest market analysis and trading suggestions

　　
　　Ethereum's current price is 1800. Ethereum is now consolidating around 1800, with the market in a state of equilibrium between bulls and bears. There is no absolute upward trend, nor an absolute downward trend. Here's a sincere piece of advice: don't try to guess the top or the bottom; follow the trend. The daily resistance upper limit and the four-hour support lower limit define a range. Within this range, avoid chasing rallies or bottom-fishing. Wait for signals to confirm before taking action.
　　
　　The overall trend of the daily K-line remains in a recovery phase after a deep decline, with the previous low of 1503 serving as the ultimate support for this round of decline. All moving averages are arranged downward, and the price is trading below the 120-day moving average of 2175, indicating that the medium- to long-term downward pattern has not fully reversed; the Bollinger Bands are narrowing, with the upper band at 2084 forming strong resistance, and the lower band at 1478 as the extreme support below. MACD shows rebound momentum, but the volume strength is relatively weak. The key Fibonacci resistance at 1900, which is the 100% retracement level, is crucial. To reverse the downward trend on the daily chart, the price must stay above 1908; otherwise, the rebound is only considered a correction within the downtrend, and the long-term downward bias remains unchanged.
　　
　　The four-hour fast line has stabilized above the short-term EMA15 and EMA30, with short-term moving averages trending upward and diverging, forming a support zone between 1720-1730, corresponding to the 23.6% Fibonacci retracement level. The Bollinger Bands are expanding upward, with the price running just below the upper band at 1852, indicating the channel is widening and the short-term upward momentum is dominant. MACD's upward momentum is slightly weakening but shows no reversal signals. The first resistance above is at the 38.2% Fibonacci level of 1870, with strong resistance at 1970. Short-term supports are at 1760 and strong support at 1730. As long as the price does not fall below 1730, the four-hour rebound structure remains intact, and any pullback presents a low-buying opportunity.
　　
　　Short-term reference:
　　
　　From 1870 to 1920, a downward move, with a stop-loss at 1950, targeting 1820 to 1780.
　　
　　From 1760 to 1730, an upward move, with a stop-loss at 1700, targeting 1800 to 1850.
　　
　　Specific operations should be based on real-time market data. For more information, you can contact the author. The article may have a publishing delay; use it for reference at your own risk.