ETH trend analysis and viewpoints:
6.10 market viewpoints and suggestions In the past 20 trading days, the price of Ethereum has not shown obvious long continuation or turning to a downward correction action, maintaining a range of 3985-3530 for consolidation;
In recent trading days, there is a potential downward movement from the high point of 3985 on May 28 to the secondary high point of 3890 on June 5 to form a potential downward pressure line. It tends to be bearish. The lower support is 3530-3500;
Short-term resistance 3700-3750. In terms of intraday operations, it is recommended to rebound short below 3750; the details of entry need to find a bearish signal in a 30-60 minute cycle to enter the market; defense needs to be set above 3750 and add a target. First look at 3650 and effectively break through 3650 before looking at 3600;
Today's latest operation suggestions and views;
Ethereum opened today with a clear downward trend from the intraday high of 3675 to the current price of 3550 temporarily There are signs of stopping the decline and consolidation. The daily line is currently in a small medium-yin line pattern, and the trend is bearish. If it closes at 3550-3500 today, the short-term shorts will further decline to test 3400-3300;
Partners with long-term ideas should not arbitrarily pick the bottom for the time being;
You need to wait for the bottom structure at the 1-hour level to form before looking for opportunities to enter the long position;
For today's operation, it is recommended to keep the rebound short idea first. You can focus on the Fibonacci drawn by the 1-hour band short as the main reference; 1-2 points hourly level stops at 3530 and closes with a stop signal. You can wait for a rebound to the Fibonacci band 38.2%-50% [3600-3630] Focus
Focus on tracking whether there is a blocked signal in the small cycle to intervene in the short opportunity;
Defense as for 61.8% [3600-3630] The first profit target is 3530 and the second profit target is 3500
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