6.26 ETH Market Review and Outlook

▶ Market Review

Since the top at 1582 on the 6th, the market has been declining in a stepwise manner, with highs and lows moving down simultaneously. The current price remains constrained by the MA30 moving average, confirming a medium-term bearish arrangement. After yesterday's big bearish candle, a small bullish candle appeared this morning, but this is a typical bearish continuation consolidation. No reversal signals are seen, and any bounce is a good opportunity to short.

▶ Key Levels Analysis

Support: Focus on the previous low of 1553.81. Once the price breaks below on a closing basis, it will enter a vacuum zone with no significant support, opening up space for further declines.

Resistance: Short-term resistance is strong at the MA7 moving average (1560.91), with stronger resistance at MA30 (1567.67).

▶ Volume Analysis

Volume continues to shrink, showing a divergence pattern of "selling on volume increases, bouncing on volume decreases". Market activity is light, with no intention of bottom-fishing funds, and bulls and bears are deadlocked. Without the entry of incremental funds, the weak pattern is unlikely to change.

▶ Trading Strategy

Sell on rallies: Short when the price bounces into the 1563-1570 area (near MA7) and shows resistance.

Breakdown follow-up: If 1553.81 is effectively broken, add shorts accordingly, targeting the 1550-1530 range.