June 26 Li Jingyue Daily Ethereum Ideas

Yesterday, the expectation of macro tightening continued to pressure the market, and Ethereum plummeted nearly 130 points in a single direction, dropping to 1530 to refresh a new stage low. The 4-hour chart formed a standard ladder decline bearish structure. Since the high of 1779, each small rebound has been a bear trap in the middle of the decline. After the big drop, two narrow-range small K-lines are only the bear's consolidation and rest, not a reversal.

On the volume-price level, it still shows a typical bearish model of selling on volume increase and rebounding on volume decrease. Bullish momentum is completely exhausted. Today, shorting at highs following the trend is the only certain direction. Buying the dip is equivalent to catching a falling knife. The short-term key resistance is 1570-1580, which is the strong resistance from the previous bearish candle's starting point of decline. It is the morning entry point for the main short. The first downside target is 1540. If bearish volume expands, it can be extended to 1510.#美国年度净资本流入创8840亿新高 $BTC