Coin Circle Li Ying: 6.11 Ethereum (ETH) Latest Market Analysis and Operational Suggestion Interpretation

　　Family, Ethereum's current price is 1660, and this trend is like a roller coaster! Previously it dropped from 2149 all the way to 1503, and just when it bounced back a bit, now it's here treading water. For us retail investors, don’t panic when watching the market, first understand what support and resistance are—just like there’s a small shop downstairs (support), if it rises too high it needs to rest for a while (resistance). Now the price is repeatedly bouncing back and forth within this range, is it going to continue to fall or break out? Don’t rush; let’s break down the technical indicators clearly.

　　Moving average system, the 7-day, 30-day, and 120-day moving averages are all hanging down, indicating that the main trend is still dominated by bears, and the price is being compressed tightly; as for the MACD indicator, the green bars are getting shorter and shorter, and the fast and slow lines are gradually approaching below the zero axis, looking like it needs a breather; the Bollinger Bands' upper and lower bands are narrowing, with the price swaying near the middle band, this is a typical prelude to a trend change, either breaking above the middle band or falling below the lower band to find a new low. Together, these indicators tell you: short-term fluctuations, direction is still undecided, but the bears have not completely given up!

　　Short-term reference:

　　For positions at 1630-1600, exit if it falls below 1560, target 1680 aiming for above 1720

　　For positions at 1700-1730, exit if it breaks 1760, target 1650 aiming for below 1600

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