Friends, it's 0:50 AM on June 28th. The system is running its scheduled analysis to take a look at the current ETH/USDT situation.

Over the past half hour, the price has been oscillating within a narrow range of 1602–1606, with little change, but the small-level rebound structure is still continuing.
First, looking at the big picture, the daily bearish pattern remains unchanged. ADX at 32.3 indicates a strong trending downtrend, with +DI 14.7 / -DI 28.6, showing bears have absolute advantage.
On the 4-hour chart, ADX at 30.5 is also a strong trending downtrend, with +DI 14.4 / -DI 27.1, but Elder Ray has turned bullish, indicating short-term bulls are fighting back.
On the 1-hour chart, ADX at 35.0 signals a strong trending uptrend, with +DI 25.8 / -DI 12.4. OBV shows continuous capital inflows (+47%), and CMF at 0.284 indicates strong inflows, providing decent capital support for this small rebound.
On the 30-minute chart, ADX is as high as 60.7, but StochRSI and RSI are both severely overbought, suggesting a short-term pullback is needed.
In terms of cross-exchange liquidity, buy orders dominate globally at 58.1%, but sell orders account for 41.9%, with no significant risk of order flow divergence.
Large order flow shows sell orders account for 94.3%, indicating institutions are distributing at higher prices.
The Fear and Greed Index at 15 indicates extreme fear. Historically, buying at this level has a high win rate, but under the daily bearish trend, one should not go heavy.
Overall judgment: the daily bearish trend remains unchanged, but the 1-hour and 4-hour rebound structures are healthy, representing a rebound within a downtrend.
Short-term bullish but with limited upside, with strong resistance in the 1622–1638 range.
Recommendation: go long with a light position, quick in and quick out.