6.25

ETH around 1615, lightly try long, stop loss at 1580, targets 1650/1680;
Above, waiting for a counter opportunity in the 1680-1700 range, stop loss at 1730, targets 1620/1580.

Last night, the US stock market stabilized and rebounded, Micron's stock price hit an all-time high, and risk appetite saw a slight recovery. However, capital in the crypto market prioritized BTC first, and ETH's follow-through rally was clearly insufficient.
ETH rebounded from a low of 1551 to the current 1619. The 4-hour level formed a small bullish candle, with lows gradually rising, but the AVL mean of 1619 is exactly at the current price, indicating a temporary balance between longs and shorts.

The rebound structure is weak—the 24h high of 1692 is far out of reach, the EMA system is bearishly aligned, the MACD fast line is stalled below the zero axis, and the KDJ has a golden cross at a low level but with a very flat angle.
In terms of volume, the 24h trading volume is 748.51K ETH, with a turnover of 1.21 billion USDT, significantly lower than the previous period, indicating that the rebound lacks capital approval.

Within the day, first look at the 1600-1650 range oscillation. A breakout above 1650 with volume is needed to test the 1680-1700 resistance zone.
If the resistance cannot be held, it is still a second bottoming structure after a bearish pullback, and the 1550 low may still be retested.

At this position, short-term rebounds must be entered and exited quickly, taking profits when available.
A real swing trading opportunity should wait for structural confirmation above 1680 before taking action.

ETH is weaker than BTC, don't have high expectations for the rebound space.
$ETH ‌#0成本拿2股SK海力士