Coin Circle Academician: June 27 Ethereum (ETH) Weak Pattern Hard to Reverse? Latest Market Analysis Reference

Ethereum is currently at 1585. Before writing, I took a look at the posts on the square. Most of them are about bottom-fishing. Friends who buy spot can start laying out positions. As for contracts, strict stop-loss and take-profit are still necessary. The current market is a typical weak oscillating downtrend. Opportunities and risks are both on the table. The ETH story is not over yet, but now is not the time to act impulsively. Follow the signals, don’t be led by emotions.

On the daily K-line, the price is in a clear downward trend, consistently running below the EMA15/30/60/90/120 moving averages. The moving averages are arranged in a southward manner, with no obvious reversal signal in the downtrend. The MACD indicator shows DIF and DEA both below the zero line. The red bars briefly expanded and then weakened again. Although the downward momentum shows signs of exhaustion, it still dominates. The Bollinger Bands continue to open downward, and the price has broken below the lower band. 1503 is the recent strong support level, while 2242 is the key resistance at the Fibonacci 78.6% level. Short-term rebounds are unlikely to break through this range, and the overall weak pattern is hard to change.

On the 4-hour K-line, the price has once again broken below the EMA15/30 moving averages, with short-term moving averages forming new pressure. The 23.6% Fibonacci level at 1730 becomes a strong resistance for rebounds. The MACD indicator shows DIF crossing below DEA, with green bars continuing to expand and downward momentum being released again. The Bollinger Bands are opening downward, with the price moving along the lower band. Currently at 1581, near the lower band, there is a small demand for a short-term rebound, but the strength is limited. The previous low at 1503 is a strong support. If this level is lost, the downside space will further open. The 1630-1680 range is the resonance pressure zone of the moving averages and the middle Bollinger Band. If the rebound fails to break this range, short positions remain the main strategy.

Short-term reference:

If the downside between 1520 and 1470 does not break, go northward. Stop loss 50 points, target 1570 to 1620.

If the upside between 1630 and 1660 does not break, go southward. Stop loss 50 points, target 1600 to 1550.

Specific operations are based on real-time market data. For more information, you can consult the author. The article is published with a delay. Suggestions are for reference only; risks are borne by yourself. $ETH #法国VS挪威