Coin Circle Li Ying: June 20 Ethereum (ETH) Latest Market Analysis and Trading Suggestions

Families, the current price of Ethereum is 1710, and the market seems a bit boring? It can't go up or down. Many fans ask me: Can we buy the dip now? Or do we have to cut losses? In fact, everyone can understand by looking at this 2-hour chart that after dropping from 1848, it is currently in a resting period. During this time, chasing high and selling low is the worst thing to do because the main forces are wearing down retail investors' patience here. Simply put, the current market is that there is a ceiling above and a floor below, and we just need to trade high and low within this box. The winning rate is actually much higher than blindly guessing the tops and bottoms.

Don't be anxious; Li Ying will analyze the details of the market. First, look at the moving average system. The EMA7, EMA30, and EMA120 are currently in a bearish arrangement. Especially, the short-term EMA7 is barely holding above 1700 but is firmly suppressed by the EMA30 above, indicating heavy resistance to a rebound. Next, the bearish momentum of MACD is shortening and is even close to a golden cross, but this is just a weak repair signal, not a reversal signal. Finally, regarding the Bollinger Bands, the price is running tightly between the middle track at 1713 and the lower track at 1666, and the opening is still narrowing, which means a trend change is imminent. Currently, the volatility is decreasing.

Short-term reference:

For the top range 1660-1630, break below 1600 to exit, target 1700 aiming for above 1750.

For the bottom range 1700-1750, break above 1780 to exit, target 1650 aiming for below 1600.

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The article's content is time-sensitive, for reference only, and the risk is borne by the individual.

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