6.28 ETH Analysis

On the 1-hour cycle of ETH, the current price is 1570. After hitting a high of 1606 and touching the upper Bollinger Band, a spike-induced long-trap reversal formed, quickly crashing down through the middle Bollinger Band and the BBI long-short equilibrium line at 1576.23, completing a trend-level structural breakdown. The band has shifted from expansion to a gradual bearish constriction downward, and the middle band has switched from support to resistance, becoming a central zone for pullback selling pressure.

K-lines are arranged in a descending staircase pattern, with rebounds all being weak and shrinking volume repairs, without effective recovery signals; KDJ is in a mid-level bearish range, no positive golden cross triggered, momentum persists bearish, no turning or divergence signs. The lower band at 1561 is a short-term chip support level; if it breaks down with volume, it will trigger bearish momentum resonance extension, further opening downside space. The overall bearish structure is confirmed, and pullbacks under pressure are all shorting windows; no reversal signal has appeared yet.

Operation suggestion: Short at 1600-1630, target 1530-1500.
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