$ETH 2318 Has the short-term bottom been confirmed? Weekly correction nearing its end
ETH plunged below 2434 in the early hours, hitting a low of 2318. A prominent crypto influencer predicted back in January, when ETH was at 3500, that it would fall to 1500. On June 6, it hit 1505 almost exactly. He still stands by his current view: this drop from 2807 is a weekly-level correction, not the end of the bull market.
Technically, there are two levels to watch. The Gann angle line 2/1 above is key to whether the rebound can continue. ETH needs to reclaim it and then stay above 2434 to signal a temporary bottom. Only then will the rally from 2318 have a basis to continue. Below, 2270–2310 is a strong support zone. Holding within this range would be a normal weekly correction.
@老周抓趋势
If ETH breaks below 2270 and fails to recover, the correction will take longer, and the market will keep grinding.
My plan: Don't chase shorts near 2318. Consider scaling into long positions in the 2270–2310 zone, with a stop-loss below 2250. First, watch to see whether ETH can reclaim 2434.
Reclaiming it would suggest that the early-hours sell-off was a shakeout, with another rebound to follow. If it fails to reclaim the level, expect continued range-bound trading. Don't take on a large position.
Will ETH V-recover or continue to form a base? I'll share key levels and how to respond in the group.
#沃什推动缩减前瞻指引和点阵图 #比特币现货ETF单日净流出2.61亿美元 #以太坊跌破2400美元
ETH plunged below 2434 in the early hours, hitting a low of 2318. A prominent crypto influencer predicted back in January, when ETH was at 3500, that it would fall to 1500. On June 6, it hit 1505 almost exactly. He still stands by his current view: this drop from 2807 is a weekly-level correction, not the end of the bull market.
Technically, there are two levels to watch. The Gann angle line 2/1 above is key to whether the rebound can continue. ETH needs to reclaim it and then stay above 2434 to signal a temporary bottom. Only then will the rally from 2318 have a basis to continue. Below, 2270–2310 is a strong support zone. Holding within this range would be a normal weekly correction.
@老周抓趋势
If ETH breaks below 2270 and fails to recover, the correction will take longer, and the market will keep grinding.
My plan: Don't chase shorts near 2318. Consider scaling into long positions in the 2270–2310 zone, with a stop-loss below 2250. First, watch to see whether ETH can reclaim 2434.
Reclaiming it would suggest that the early-hours sell-off was a shakeout, with another rebound to follow. If it fails to reclaim the level, expect continued range-bound trading. Don't take on a large position.
Will ETH V-recover or continue to form a base? I'll share key levels and how to respond in the group.
#沃什推动缩减前瞻指引和点阵图 #比特币现货ETF单日净流出2.61亿美元 #以太坊跌破2400美元