Crypto Circle Academician: How to Position Ethereum (ETH) on June 22? Latest Market Analysis Reference

　　The current price of Ethereum is 1730, the daily K-line is currently in a weak rebound phase after a decline, just under the previous decline's 23.6% Fibonacci retracement level. The EMA moving average system shows a bearish arrangement, with prices under pressure from EMA30 at 1824 and EMA60 at 1954, indicating a continued bearish short-term trend. The MACD indicator's DIF line has just crossed above the DEA line forming a golden cross, but the histogram momentum is weak, and the red bars are short-lived, indicating insufficient bullish strength. The Bollinger Bands are opening downwards, with prices operating below the middle track, and the lower track support is around 1563; the overall bearish trend has not completely reversed.

　　The four-hour K-line is currently in a pullback phase after a consolidation upward, with prices near 1730 being suppressed by a 23.6% Fibonacci resistance. EMA15 and EMA30 moving averages are forming support below the price, but EMA60 and EMA90 are still forming pressure above, with a short-term contest between bulls and bears. The MACD indicator’s DIF line has crossed below the DEA line forming a death cross, with green bar momentum beginning to release, indicating a short-term need for a pullback. The Bollinger Bands are currently in a contraction state, with prices operating near the middle track; the upper track resistance is at 1749, and the lower track support is at 1681, showing clear characteristics of range oscillation, difficult to breakthrough for a unilateral market.

　　Short-term Reference: Safety First, remember that the market is never 100%, so always set good stop-losses; safety first, small losses and big gains are the goal.

　　If it does not break below 1700 to 1650, aiming upwards, set stop-loss at 50 points, target looking at 1750 to 1800.

　　If it does not break above 1750 to 1800, aiming downwards, set stop-loss at 50 points, target looking at 1700 to 1650.

　　Specific operations depend on real-time market data; for more detailed information, you can consult the author. The publication of this article has a delay; the suggestions are for reference only, and risks are borne by yourself.

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