Coin Circle Li Ying: 6.13 Ethereum (ETH) Latest Market Analysis and Trading Recommendations

　　Family, the current price of Ethereum is 1665, and the trend is truly love-hate! Dropping from over 2000 down to 1503 is painful to watch. But fortunately, it has finally stabilized in the last few days, oscillating around 1668, as if gathering strength for a rebound. At this position, many people are torn between whether to buy the dip or continue to watch. In fact, don’t let the previous downturn scare you; the market always has its ups and downs, and the key is to understand the current signals. Today, let's discuss how to operate at this crucial moment to ensure both safety and profit—let’s stop blindly chasing highs and selling lows!

　　From a technical standpoint, there has been a clear bottom reversal pattern on the 2-hour chart. The price has successfully risen above the EMA7 and EMA30 moving averages, and after forming a golden crossover below the zero line, the MACD indicator continues to expand. Although the red bars are shortening, the momentum is still there, indicating that bullish strength is gradually increasing. The Bollinger Bands have started to flatten after narrowing, with the middle band at 1663 now serving as strong support, and the upper band resistance at 1688. The current price is closely following the middle band, and if it can effectively break through the resistance at 1680, it will confirm the establishment of a short-term upward trend, targeting the EMA120 resistance level at 1714.

　　Short-term references:

　　For a buy position of 1650-1620, exit below 1580, target 1680 aiming for above 1720

　　For a sell position of 1700-1730, exit above 1760, target 1650 aiming for below 1600

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