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6.30 ETH Analysis
ETH surged to 1637.2, then highs continued to decline, maintaining a stepwise descending channel throughout. The short-term low-level consolidation is merely a weak rest during the downtrend; rebounds are all suppressed by the trend line, with no sustained buying pressure from bulls. The medium-term bearish trend has not changed. Today's core operation remains selling on rallies, with a wide-range layout to improve fault tolerance.
Entry: Short in the 1580-1620 range
Stop Loss: Above 1650
Target: First target 1540, second target 1490-1520$ETH