Analyzing the recent 4-hour candlestick chart performance of ETH, the current market is in a typical choppy and pump stage.



From the perspective of technical indicators, key indicators such as moving averages and RSI clearly show the ongoing tug-of-war between bullish and bearish forces. Previously, ETH experienced a surge followed by a pullback, and the current rebound momentum is relatively limited. If there are no significant abnormal changes in on-chain data (such as large funds suddenly selling off or concentrated buying), it will be difficult for ETH to form extreme price movements in the short term.

In the absence of significant market news, ETH is likely to continue its current consolidation pattern. However, there is a potential risk point on the technical side that warrants caution: the current downtrend has not been fully reversed. If the price subsequently falls below the key support area of 2580-2560 USD or even lower, it may trigger further downward testing.

My personal opinion is that ETH will primarily feature consolidation with fluctuations in the short term. Investment advice for investors: avoid blindly chasing highs, and once the price falls below important support levels, do not stubbornly hold on. It is recommended that only investors with sufficient risk tolerance consider waiting for breakout opportunities during the consolidation. The cryptocurrency market is highly volatile, and it is essential to closely monitor changes in key price levels and be prepared to adjust investment strategies at any time.
ETH3.92%
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DaoResearchervip
· 06-19 12:04
According to the data probability distribution, the support level has approached the limit value range.
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SatoshiChallengervip
· 06-19 09:10
Once again, standard Technical Analysis and the principle of losing money
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NftMetaversePaintervip
· 06-19 06:07
meh... just another primitive ta analysis. where's the algorithmic poetry in price movements? rsi is so web2
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CryptoTherapistvip
· 06-16 12:52
let's process this market trauma together fam
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Rekt_Recoveryvip
· 06-16 12:50
hodl or liquidation... no in between fr
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DefiPlaybookvip
· 06-16 12:44
Strategy Brother says: If you don't understand, don't enter a position.
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CryptoPhoenixvip
· 06-16 12:26
Another day of being beaten by the market, traversing the bull and bear.
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YieldWhisperervip
· 06-16 12:23
seen this death spiral before smh
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ImpossibleToWorkPart-vip
· 06-16 12:23
Sit tight and hold on, we are about to To da moon 🛫
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