$ETH June 1st ETH Latest Strategy Analysis


ETH:
The current price is around 1982.82, with the 15-minute MA7 and MA30 moving averages both suppressing the trend. The MACD remains in a bearish trend, with a clear pullback and breakdown pattern at high levels. The short-term downward momentum continues to be released, and the probability of further decline is high.
Bearish logic:
Above 1995-2005 forms a short-term strong resistance, with the rebound highs clearly pressured. The selling volume continues to increase, and after encountering resistance during the rebound, it will continue to decline. The initial target is 1978.90; after breaking this level, the price may decline to the 1965-1955 range.
Risk warning:
If the 2005 resistance is effectively broken, the short-term downtrend will be invalidated. Watch out for an upward move to the 2015-2025 range.
Main strategy: Slightly bearish
Open short position range: 1990-2000
First target: 1970
Second target: 1960
Stop-loss level: 2010
ETH-2.03%
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