$ETH June 20th.

Erbing attempted two upward rebounds after breaking below the 1716 support, hoping to regain the lost high ground, but unfortunately failed.
Additionally, two isolated highs formed near the 1716 resistance level, indicating that this resistance is effective.
Subsequently, it started to retrace, testing support around 1668, which temporarily halted the decline, and a small double bottom pattern appeared near 1668.
Whether this small double bottom can be confirmed depends on whether the rebound can break through the resistance at 1716 above.
Only if it breaks through the 1716 resistance level can the small double bottom be considered valid; if it cannot break 1716, it is only a potential small double bottom that is not useful yet.
For Erbing to rise, it must break through 1716, and breaking above the red arrow pointing to the yellow downtrend line will also be a trend-following breakout, allowing the rebound to continue.
If it can't even break 1716, there's no point in expecting a high rebound; just stopping the decline is already good.
If it can't go up or down, it will consolidate around 1716-1668!
When this consolidation range will break out or break down to indicate a direction, as long as it breaks below 1668, it will align with 1610!
Erbing breaks through 1715 with volume, chasing longs on the right side to catch the rebound;
1681 breaks down with volume on the right side, chasing shorts; pay attention to volume changes and set good stop-losses.
On the hourly chart, Erbing stands firm at 1715, aiming higher to 1758-1796.
On the 4-hour chart, if it breaks below 1681, look down to 1642-1613.
Erbing, on the 4-hour chart, has recently fallen back into the flag pattern, with the lower boundary of the flag now serving as the long-short dividing line, at a price of 1652.
Once it breaks below this flag boundary, the most reliable support on the 4-hour chart is around 1551.
Reaching this level will likely stop the decline; whether it rebounds or not is uncertain, but as long as it reaches this level, it will definitely consolidate and oscillate.