6.18 Market Analysis | Short-term Opportunities and Macro Outlook for Ethereum



Early this morning, the Federal Reserve FOMC announced the latest interest rate decision, keeping the federal funds rate target range unchanged (5.25%-5.50%), in line with market expectations. However, along with Chairman Powell's hawkish stance at the press conference, market risk appetite quickly declined, and the overall cryptocurrency market experienced a significant correction.
Ethereum (ETH) Short-term Technical Analysis:
Currently, ETH has formed a clear top structure on the hourly chart, with two high points at 1848 and 1839 forming a strong trendline resistance. After the Fed decision early this morning, the price quickly dropped to around 1721, a key hourly support level, then rebounded effectively, currently up over 30 points.
From the current price level (around 1745), there is still about 60-70 points of profit potential before reaching the upper hourly trend resistance at 1815. This morning, I already positioned long orders around 1830, and I am currently holding them profitably.
Short-term Trading Strategy:
• Target: around 1800 (if broken, can continue to watch the 1815-1830 resistance zone)
• Support: below 1720 (stop-loss if broken)
Major Directional Outlook (Mainly Bitcoin BTC):
Bitcoin is still oscillating within the 57,400-74,100 range, with 74,100 as an important resistance level and 57,400 support not yet effectively tested. Until Bitcoin breaks out with a clear directional move, the overall strategy remains to buy low and sell high within this range. Patience is recommended until BTC moves to a more definitive position before considering medium- to long-term layout.
After the Fed rate decision, short-term sentiment remains volatile. ETH on the hourly chart has already shown clear support and resistance levels, with room for a short-term rebound. Trading should be based on strict risk control, focusing on high-probability buy low and sell high moves, waiting for clearer major trend signals.
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ETH-1.17%
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