$ETH 6.30 Daily Analysis and Trading Suggestions
The stock surged and then pulled back sharply. After that, the trend kept making lower highs, with a clear downward turn. Price has been continuously under pressure.
Funds withdrew after the spike. Subsequent rebounds have been suppressed below the moving averages. Each rebound has shown less and less strength, indicating that there are some buyers stepping in, but they can’t push the price up.
1595 is short-term resistance; 1605–1610 is a heavy resistance zone; 1630 is a structurally formed top.
1580 is the current battleground area. A move below 1570 is key support; only after 1555 breaks will it accelerate the downside search.
It remains a weak-ranging market, churning between 1585–1600, repeating back and forth. The bias still favors a short (high-to-low) idea. As I said before: the 1500 Ether (ETH) and the 59,000 Bitcoin (BTC) are absolutely not the bottom!#AAVERises13.16%To$94.32 $SYN
The stock surged and then pulled back sharply. After that, the trend kept making lower highs, with a clear downward turn. Price has been continuously under pressure.
Funds withdrew after the spike. Subsequent rebounds have been suppressed below the moving averages. Each rebound has shown less and less strength, indicating that there are some buyers stepping in, but they can’t push the price up.
1595 is short-term resistance; 1605–1610 is a heavy resistance zone; 1630 is a structurally formed top.
1580 is the current battleground area. A move below 1570 is key support; only after 1555 breaks will it accelerate the downside search.
It remains a weak-ranging market, churning between 1585–1600, repeating back and forth. The bias still favors a short (high-to-low) idea. As I said before: the 1500 Ether (ETH) and the 59,000 Bitcoin (BTC) are absolutely not the bottom!#AAVERises13.16%To$94.32 $SYN