6.23 ETH Analysis



Currently, ETH's moving average system is in a bearish arrangement, with short- and medium-term moving averages moving downward in sync, and the price continuously constrained by the middle Bollinger Band, trading near the lower band, indicating a clear downtrend. The J value of KDJ has been pushed to extreme levels, and RSI is also in a weak zone, suggesting that after the short-term selling pressure is released, there is a technical rebound demand.

However, the rebound space is limited, as the upper moving averages and the middle Bollinger Band form a double resistance, making a pullback likely when approaching the resistance levels. Trading volume has not shown significant increase, indicating limited bottom-fishing funds, and the current behavior is more about indicator repair after a sharp decline rather than a trend reversal.

Trading suggestion: 1750-1780 $BTC range, target 1680-1600.
BTC0.41%
GT0.29%
SOL-1.93%
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