Analysis of Ether for Monday evening, June 29;

The evening market is very weak, staging a unilateral decline all the way. After facing pressure at the 1589 level, the price continuously fell, directly breaking through multiple integer levels, hitting a low near 1558. Currently, the rebound is very limited, and the bulls have basically no effective resistance.
Currently, the downward channel on the hourly chart remains intact, with moving averages also in a bearish arrangement. Every small rebound is blocked by previous resistance levels, and short-term bearish momentum still holds absolute dominance.
Overall, the evening market sentiment is generally bearish. Without significant bullish news, it will be difficult for the price to reverse this weak pattern in the short term.
When it rebounds to around 1600-1650, you can arrange to open short positions, with an initial target of the 1500-1520 range.#Saylor暗示增持BTC #Solana生态ANSEM暴涨