6-20 Ethereum Analysis:

Ethereum is relatively simple from a four-hour perspective. It has formed a convergent triangle structure. The short-term bottom of 3420 below has been touched many times, but it is not friendly to the contract partners. Every time it is a false break and rebound, the leverage is washed out very seriously. This is also because of the recent speculation on ETF spot.

If there are long orders in these waves of rebounds, a short-term long potential profit point is 3660, which is also the position of the front needle tip, and here is also the resistance point ahead.

So now you think that Ethereum has not fallen completely, and the 3660 resistance position is also a bearish point. If this position is blocked again and falls to touch the 3420 support bottom position below, it is very likely that it will not be able to hold, and it has been touched too many times, #ETH