Cryptocurrency Expert: Has the Downward Trend of Ethereum on June 19th Not Reversed? Latest Market Analysis and Trading Suggestions

　　The current price of Ethereum is 1680, with a daily candlestick forming a medium bearish line with upper and lower shadows. The price is currently firmly below the 15/30/60/90/120 period EMA moving averages, with all moving averages showing a typical downward arrangement, and the short-term moving averages continue to suppress price rebounds. In the MACD indicator, the DIF is below the DEA, the green bar has shortened but has not yet formed a golden cross, and the downward momentum, while diminishing, has not completely reversed. The Bollinger Bands are continuously opening downward, with the price hovering near the lower band, clearly in a downward channel, and the rebound strength is weak.

　　The four-hour candlestick currently shows 1678 below the middle band of the Bollinger Bands, with the opening of the Bollinger Bands narrowing again but still generally leaning downward. The arrangement of the EMA moving averages has not changed, and the price has repeatedly been blocked in the rebound at the 15-period moving average, currently breaking below short-term support again. The MACD indicator forms a dead cross below the zero axis, and the green bars are starting to increase, indicating that the downward forces are regaining dominance in the short term. During the decline, the volume has increased while the rebound volume remains insufficient, indicating weak buying pressure, and there is still a possibility of further downward movement in the short term.

　　Short-term Reference:

　　Selling pressure from 1730 to 1760, stop-loss at 1790, target at 1700 to 1650

　　Buying pressure from 1650 to 1620, stop-loss at 1590, target at 1700 to 1750

　　Specific operations should be based on real-time data from the market. For more information, you can consult the author. Article publication may be delayed; suggestions are for reference only, and risk is self-borne.

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