🔍 Why is today's lowest exactly 1,742?

This level is very critical; it happens to be near the rebound point from last Friday (June 12), and also where the 4-hour MA120 moving average is located. When the price hits this level and bounces, it indicates short-term support from major players, but the rebound strength is weak (only back to 1,794), suggesting limited buying enthusiasm.

📌 Revised strategy reference

Since the intraday low has been identified and there is significant FOMC risk tonight, the trading range today should be narrower:

· Support moved up: $1,740–$1,750 becomes the strongest intraday support. If the price revisits this level without breaking below, it can be seen as a short-term trap; but if it falls below 1,740 before the FOMC (in the evening), it indicates that the support funds are retreating, and the next target is directly the $1,700 level.
· Resistance remains unchanged: $1,800 is still the ceiling for the daytime. As long as it cannot break above 1,800 with volume, rebounds should only be viewed as oversold corrections, and chasing longs is not recommended.

💡 Specific responses

· During the daytime (Asia-Europe session): if the price revisits $1,745–$1,750 and quickly recovers, aggressive traders can try small long positions with stop-loss below $1,735, targeting around $1,790, with quick entries and exits.
· Important reminder: About half an hour before the FOMC announcement (around 23:30 Beijing time), it is recommended to close all positions or lock in profits at any price level. Because if the dot plot turns hawkish, support at 1,740 could be broken with a large gap down, and there's no need to gamble on the news.

Conclusion: Today is a typical "narrow-range oscillation before the news," with 1,742 providing a short-term anchor point. But the direction will be determined not by technicals, but by the Federal Reserve's decision later tonight. It is advised to trade lightly during the day and exit all positions before the US session to observe. Safety first. #Ethereum
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