Crypto Circle Li Ying: June 20th Ethereum (ETH) Latest Market Analysis and Trading Recommendations

　　
Family members, is Ethereum’s current price of 1710 making the market look a little drowsy? It can’t go up, and it can’t go down. Many followers ask me: Can I buy the dip now? Or do I need to cut my losses? Actually, just look at this 2-hour chart and you’ll understand. After falling from 1848, the market is currently in a resting phase. During this time, the biggest taboo is chasing after a surge or selling at the lows, because the main players are here to wear down retail investors’ patience. Simply put, right now the market has a top above and a bottom below. As long as we do high-sell and low-buy within this box, our win rate is much higher than blindly guessing the top and bottom.

Don’t rush—Li Ying will break down the chart details. First, look at the moving average system: EMA7, EMA30, and EMA120 are currently showing a bearish alignment. Especially the short-term EMA7, which is barely holding above 1700, but is being tightly suppressed by the EMA30 above—this indicates heavy resistance to a rebound. Next, the MACD bearish momentum is shortening, and it may even be about to form a golden cross, but this is only a weak repair signal, not a reversal signal. Finally, the Bollinger Bands: the price is trading close to the middle band at 1713 and the lower band at 1666, and the band opening is still contracting. This means a change in direction is imminent, and volatility is currently decreasing.

Short-term reference:

Do position 1660-1630; if it breaks below 1600, exit; targets 1700, aiming for above 1750
Do position 1700-1750; if it breaks above 1780, exit; targets 1650, aiming for below 1600

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