ETH 6.23:

On the daily chart, today’s KDJ indicator shows a continued weakening of the death cross, MACD remains in a bullish shrinking phase, and BOLL is oscillating with a slight downward trend;
The price remains under continuous downward pressure above the 30-day moving average (selling pressure at the high points is still very strong),
Overall: In the short term within the day, the trend still leans towards sideways movement.
12-hour chart: Currently, the middle of the KDJ is turning downward, MACD and BOLL are flat and oscillating, and trading volume has slightly decreased; on the main chart, the MA5 and MA10 moving averages are resonating with downward pressure, while the MA30 is slightly strengthening at its low point. Once the MA30 is successfully broken, Ethereum will likely enter a second wave of decline.
Summary: The overall trend of Ethereum within June 23 remains mainly sideways. Recently, Ethereum has been actively oscillating within the 1750-1700 range, forming a consolidation zone. The key short-term focus is on when the 1700 level is effectively broken downward and leaves the consolidation zone.
If 1700 breaks down, Ethereum will then head towards the first critical support zone around 1550-1480. Breaking below 1700 is only a matter of time; the weekly and monthly charts have already laid the foundation for a bearish trend.