6.16 ETH Early Morning Market Analysis



The short-term gains are indeed significant, but there are no obvious signs of major funds exiting the market. Currently, it looks more like a consolidation at high levels after a strong rally rather than the end of the trend.
From the 4-hour structure, ETH has consecutively broken through several key resistance levels at 1700, 1750, and 1800, and has quickly recovered after retesting each level, indicating very strong market support. Especially after stabilizing above the 1800 integer mark, bullish sentiment has clearly further intensified.

The biggest characteristic at the moment is:
The speed of the rally is faster than the correction.
This means that funds are still continuously entering the market, rather than exiting on rebounds.
Next, focus on the 1820-1810 area.
As long as this area is not effectively broken downward, the bullish structure remains intact.

📈 Long position strategy
Lightly enter long positions around 1815-1820
Add to positions near 1800
Target 1850 → 1880 → 1900
📉 Short position strategy
Short if resistance at 1850-1865 holds without breaking
Stop loss at 1885
Targets 1820 → 1800
ETH4.04%
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