Crypto Circle Academician: On June 2, Ethereum broke its previous low three times, forming a bearish ladder! Can the bearish momentum be reversed? Latest market analysis reference.

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3 days ago

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Scholar in the cryptocurrency circle: June 2, 2025 Ethereum (ETH) latest market analysis reference

The current price of Ethereum is 2540. It is now 1:30 AM Beijing time. The market is still hovering in place after heading south, and the market has been contracting. The daily K-line reached a high of 2547 and a low of 2465. It has broken the previous low three times, forming a ladder-like bearish trend. It can be held. The EMA trend indicator is showing an upward alternating expansion trend that is being hindered. The K-line has come to the EMA30 trend support above 2410, facing resistance at the EMA15 trend first at 2540. The consolidation trend is obvious, and it is expected that before the non-farm payrolls, the main force will torment people around 2500. The MACD has been continuously reducing volume and increasing positions, showing a clear top divergence. The Bollinger Bands are extremely contracted, and the K-line is attempting to break through the middle track of the Bollinger Bands at 2570. From this position, we look up to the upper track at 2690 and the lower track support at 2445.

The four-hour K-line shows a tailing market. The K-line has continuously tested the EMA120 trend support at 2500 and has started to warm up. However, the EMA trend indicator's double lines are still showing a downward alternating trend, and the double death cross has limited space to recover. The defense point can be set around 2570, and the target can refer to the key support below at 2410. The MACD has been continuously reducing volume and increasing positions, with DIF and DEA contracting. The Bollinger Bands are also contracting, with the upper track moving down to 2660 and the lower track remaining around 2560. Overall, a fast in-and-out trading mode can be adopted, with high short and low buy.

Short-term reference: Safety first. Remember that the market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.

For a northern trial position, the entry point is 2430 to just above 2400, with a defense at 2380, stop-loss at 30 points, and a target looking at 2470 to 2500. If it breaks, look at 2530 to 2580.

For a southern trial position, the entry point is 2580 to 2600 short, with a defense at 2650 short, stop-loss at 30 points, and a target looking at 2550 to 2500. If it breaks, look at 2450 to 2410.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the suggestions are for reference only, and risks are borne by the reader.

This article is exclusively contributed by the scholar in the cryptocurrency circle and represents the scholar's unique viewpoint. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Risks are borne by the reader. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The scholar also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond to it and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success comes from today's choices. Heaven rewards diligence, the earth rewards kindness, humanity rewards sincerity, business rewards trust, industry rewards excellence, and art rewards passion. Gains and losses often happen unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The scholar in the cryptocurrency circle wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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