Tong Ge 6.23 ETH Strategy

$ETH Rebounded to around 1740-1760, with resistance above 1780, first target 1710, second target 1680

Yesterday's high reached 1779, basically hitting the pressure zone we mentioned earlier, then faced resistance and fell back all the way to 1716. The market had been grinding upward for several days, and whenever it hit a key level, it was pushed back, which suggests it’s more about repair rather than a trend shift to strength.

Still, as I always say, real upward movement depends on capital actively pushing it higher, not just slowly creeping up. Yesterday’s quick surge was met with a quick pullback, indicating that the willingness to chase prices at this level isn’t strong, and resistance above still exists.

Don’t change your outlook just because it rises for two days, and don’t panic over a small dip. The market is still in a consolidation phase. Until new signals emerge, respect the existing rhythm.