$ETH Crypto Circle Academician: 6.30 Ethereum (ETH) Moving Averages Head South with Heavy Suppression, Reversal Signals Nowhere in Sight? Latest Market Analysis Reference

　　
　　Ethereum current price 1625, let's talk a bit about the current market sentiment for Ethereum, and also review the recent trading pace. From 2200 all the way down, many people have been guessing the bottom at 1800, 1700, 1600, each time thinking the drop is over, only to be slapped in the face by new lows, educated by the market over and over again. The signals on the chart are very clear now: the daily moving averages are arranged southward, and even the short-term moving averages can't hold during rebounds. In this kind of market, going long can only be short-term gambling; never hold heavy positions to the death. The market never lacks opportunities; what it lacks is the ability to control risk.
　　
　　The daily K-line is in a clear descending channel, with the current price just stepping on the weak rebound range above the previous low of 1503. The moving average system is arranged southward, and the price is suppressed below EMA15, EMA30, and EMA60. The key resistance above is in the 1735-1870 range. For the MACD indicator, DIF and DEA are still running below the zero axis, and although the green bars have narrowed, the southward momentum has not completely exhausted; the lower Bollinger Band near 1534 forms short-term support, while the middle band continues to decline. The overall trend is bearish, and the rebound appears more like a weak correction rather than a reversal signal.
　　
　　The 4-hour K-line stands above the Bollinger Band middle line at 1580, but it is clearly suppressed by the EMA15/30 moving averages above. The MACD indicator shows DIF crossing above DEA forming a golden cross, with red bars continuously increasing; short-term bullish momentum has been released, but the price is still below the previous downward trendline. The Fibonacci 23.6% resistance level around 1730 is a key hurdle. The Bollinger Band opening shows signs of contraction, with the lower band near 1556 forming short-term support. If it cannot break through 1730, it is likely to return to a weak oscillation and downside exploration pattern.
　　
　　Short-term Reference:
　　
　　Below, if 1560 to 1520 does not break, go long, stop loss 50 points, target 1600 to 1660
　　
　　Above, if 1700 to 1750 does not break, go short, stop loss 50 points, target 1650 to 1600
　　
　　Specific operations should be based on real-time order book data. For more details, you can consult the author. The article is published with a delay, and the suggestions are for reference only; risks are borne by yourself.
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