ETH Short-term Volatility Analysis | 6.21


Market Structure
ETH dropped from 2220 to 1500, then entered a large-range consolidation pattern, with a range of 1500-1900, lasting about 2-4 weeks.
Yesterday's high reached around 1743, with minimal fluctuations over the weekend, consolidating at high levels.
Today's Viewpoint
Expected ETH to fluctuate within the 1680-1760 range.
The current price is around 1743, with resistance at 1760, secondary resistance at 1780-1800, support at 1690, and secondary support at 1620.
Trading Reference (Light positions, strict stop-loss):
Short: Enter at 1735-1760, take partial profits at 1680-1690, if effectively broken above 1780 then wait and see.
Long: Lightly try long positions around 1690, target 1720-1735, stop loss below 1620 and wait.
Summary
1680-1760 consolidation, small long and large short. Weekend fluctuations are limited; trading is optional. The direction still depends on breaking out of the box.
ETH-2.61%
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