ETH June 30th Outlook:

Yesterday, ETH first rose and then fell.

Fundamentally, according to earlier reports from US media, after two days of mutual attacks over the past weekend, the US and Iran agreed to suspend military actions and will meet in Doha today to resolve their dispute over the Strait of Hormuz. This news caused prices to rebound and rise temporarily. However, as Iranian Foreign Ministry spokesperson Baghaei emphasized that Iran will not hold any level of negotiations with the US in the coming days and that the current focus is on implementing the memorandum of understanding, the market pulled back and adjusted again.

Technically, on the 4-hour and hourly charts, the downtrend since the 1849 high remains intact, while the rebound and adjustment since the 1511 low tested the main resistance around 1638 yesterday, then lost momentum and fell back below the previous high of 1610, interrupting the upward momentum. Therefore, the direction for today remains weak, with the range of consolidation and adjustment shifting to 1645-1570; operationally, swing trend traders still need to wait and see, waiting for a direction to emerge after the consolidation range breaks; for short-term aggressive traders, wait for the current rebound to 1610-1617 for a signal to attempt a short position, with a stop loss above 1645 and targets of 1570, 1540, and 1512.
Specific operational ideas will be explained in detail during the evening live broadcast!