6.25ETH Morning Analysis



ETH is undergoing triangular consolidation near the end at the 1656 area, with the middle band at 1638 providing dynamic support and the upper band at 1714 being the recent volatility extreme. The current candlestick pattern shows alternating dojis and small bullish candlesticks, reflecting exhaustion of both bullish and bearish momentum, with the market in a directional accumulation phase under low volatility.

Quantification of key levels: The upper level 1660 is the breakthrough point of the short-term supply zone; a valid hold above will trigger short covering and test the liquidity cluster of 1680-1700. The lower level 1623 is the support threshold of the previous low; if lost, it opens up room for a pullback to the 1600 psychological level and the Bollinger lower band at 1563.

Operation suggestion: Short at 1650-1680, target 1580-1500.

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ETH-1.06%
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CaptainChenOfTheEncryptionTeam
· 7h ago
6.25ETH Morning Analysis

ETH is consolidating at the end of a converging triangle around 1656, with the middle rail at 1638 forming dynamic support and the upper rail at 1714 as the recent extreme of volatility. The current candlestick pattern shows alternating dojis and small-bodied bullish candles, reflecting exhaustion of bullish and bearish momentum, with the market in a directional accumulation phase under low volatility.

Key level quantification: The upper 1660 is a breakthrough point for the short-term supply zone. A valid hold above will trigger short covering, testing the liquidity cluster of 1680-1700; the lower 1623 is the support threshold of the previous low. If lost, it opens up room for a pullback toward the psychological level of 1600 and the Bollinger lower rail at 1563.

Trading suggestion: Short 1650-1680, targets 1580-1500.

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