Market analysis on June 16

As mentioned before, ETH will rebound twice at the support level of 3428 after retracing from 3652, and then BTC will experience a plunge, causing ETH to decline sharply.

However, the decline of Ethereum has weakened significantly, and it rebounded quickly after slightly breaking through the strong support of 3428 to 3382. It can be regarded as a trend of stopping the decline and shaking out the bulls.

Several subsequent support levels:

The first support is from 3528 to 3458

The second support is from 3424 to 3388

ETH may experience a plunge to the support level of 3288.

You can try to take long entry with stoploss to take advantage of this market trend.#BinanceTournament #FederalReserve