Technical analysis by CrazyInvestorTom about Symbol ETH: Sell recommendation (6/1/2025)

Technical analysis of ETH contract on June 1: Today, the large-cycle daily level closed with a small negative line yesterday, the K-line pattern continued to fall, the price was below the moving average, and the attached indicator was dead cross. The decline in the big trend was still very obvious, but we should note that the current price has deviated from the moving average, and the return to the moving average support position is near the 2580 area, and the low point support position is near the 2475 area; the short-cycle hourly chart yesterday oscillated upward high point pressure position near the 2550 area, the current K-line pattern continued to fall, and the attached indicator was golden cross with shrinking volume, so it is likely to retrace the test low point during the day.Trading strategy:Sell at the current price of 2525 area, stop loss at 2555 area, and target at 2475 area;