6.30



ETH: Light long near 1585-1590, stop loss 1565, target 1615/1630;
Above, wait for a short opportunity in the 1630-1645 range, stop loss 1660, target 1600/1580.

The market has grinded up from 1545 to today's high of 1597. On the 4-hour level, it has formed a very steady upward channel — not a sharp rally but a slow push, which is more solid than a rapid surge. The AVL average is steady at 1590, and short-term focus is gradually shifting upward.

But the resistance above is getting closer. MA is at 1626, support/resistance line at 1616, and further up the 1630-1645 area is the previous dense chip zone, also the biggest hurdle for this rebound. Whether it can break through depends on volume — currently 24h volume is 339K ETH, still relatively low. A low-volume rally to resistance often gets rejected.

MACD's fast line is turning upward below the zero line, KDJ golden cross diverging, the technical aspect favors continued repair. But when it enters the 1615-1630 area, bulls need to be cautious — this is a resistance zone, not a place to chase longs.

Short-term longs can continue to hold, but reduce positions and exit when reaching the 1615-1630 area. Reversal shorts should wait for signals above 1630 before acting; don't rush to top-touch. As the rebound approaches the resistance zone, the risk-reward of chasing longs becomes increasingly unfavorable.
$ETH #Solana生态ANSEM暴涨
ETH0.67%
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CheckTheBlockchainBefore
· 17m ago
The 1615-1630 level for reducing positions was spot on. With the market pushing into the resistance zone on shrinking volume, it really isn’t worth hanging around and fighting the range.
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GateUser-8947c5ff
· 24m ago
Wait for the signal for reverse control orders above 1630; don’t press to the top—+1. Chasing longs from this position has a risk-reward ratio that’s too poor.
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ViewingNarrativesFromAHotAir
· 45m ago
The 4-hour channel is indeed stable, but the 339K volume looks unsettling. Can MA1626 break through?
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