$ETH Coin Circle Academician: June 28 Ethereum (ETH) - Is Every Rebound a Feast to the South? Latest Market Analysis Reference

Ethereum current price 1591. The daily K-line is currently in a clear downward channel, having broken below the support area near the lower Bollinger Band. The EMA15/30/60 are in a typical southward arrangement, with moving averages pressing down layer by layer. Although the MACD indicator has turned upwards below the zero axis with faint red bars, DIF and DEA are still stuck at low levels, showing insufficient rebound momentum; this is likely a weak recovery during the downtrend. The key support below is at the 1503 line. If this level is lost, the downside space will further open. The first resistance above is near 1700, which is the middle Bollinger Band position. A strong reversal signal is unlikely in the short term.

The four-hour K-line has been declining along the EMA15 and EMA30 recently, with the moving averages in a complete southward arrangement. Rebounds have been suppressed by the EMA30, with highs continuously lowering, forming a clear downward trend line. After a brief golden cross below the zero axis, the MACD red bars have been shrinking, and there are now signs of a second death cross, indicating fading rebound momentum. The Bollinger Bands are in an open state, with price moving along the lower band. 1591 is at the lower edge of the recent consolidation range. 1503 is an important support level for this decline, tested multiple times without breaking. If it can stabilize here, a short-term rebound may occur; otherwise, the downtrend will continue.

Short-term reference:

Below, if 1520 to 1470 does not break, go north; stop loss 50 points, targets 1570 to 1620.

Above, if 1660 to 1700 does not break, go south; stop loss 50 points, targets 1600 to 1550.

Specific operations should be based on real-time market data. For more details, you can consult the author. This article is published with a delay; suggestions are for reference only, and risks should be borne by oneself.

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