Crypto Circle Academician: On June 20th, Ethereum's bulls and bears are in a heated battle. How should your positions respond? Latest market analysis and trading suggestions

Ethereum's current price is 1700. The current order book is not friendly to speculative funds. Don't take it for granted; since the plan to go north at 1650 didn't trigger, like everyone else, I am currently out of the market. At this moment, don't rush; rushing to make money or trying to catch a reversal can backfire, leading to market whipsaws. Now I understand that before the trend reverses, the old rule applies: sell on rallies and go south.

The daily K-line is still in a clear downtrend, with prices operating below the EMA moving average system. The EMA cluster in the 1746-1837 range forms a strong resistance level, with multiple failed rebounds. The previous low at 1503 is the current key support. The MACD indicator shows DIF still below DEA. Although the downward momentum has weakened, it hasn't fully reversed. The middle band of the Bollinger Bands continues downward, with prices below the midline, indicating a generally bearish trend. In the short term, only weak rebound signals appear, and a clear trend reversal pattern has not formed. Trading should be cautious.

The four-hour K-line, after rebounding from 1503, is now in a consolidation phase. The current price near 1703 is under pressure from EMA15 and EMA30. The Bollinger Bands are narrowing, with prices below the middle band, and volatility is decreasing. The MACD shows the red bars have disappeared, and green bars reappear, indicating a short-term recovery in downward momentum. The Fibonacci 23.6% level around 1730 is a strong short-term resistance. Support is near 1664. In the short term, the market is likely to remain range-bound, awaiting a direction, with no clear breakout signals.

Short-term reference:

- From 1730 to 1760, sell on rallies with a stop loss at 1790, target 1700 to 1650
- From 1650 to 1620, buy on dips with a stop loss at 1590, target 1700 to 1750

Specific operations should be based on real-time order book data. For more information, contact the author. The article may have publishing delays; use for reference at your own risk. #预测世界杯巴西VS海地