ETh9.19 Evening Analysis

The market surged higher but fell back, and the subsequent trend has been dominated by short sellers.

ETH hit a low of 1604 yesterday and then quickly launched an upward attack. The market soared and reached a high of 1668 before falling back under pressure. Although there was a rebound at noon, it quickly fell back. The currency price is currently running around 1645, and the four-hour market has continued to be negative after the pin. The downward trend once again fell into the shock range, macd bulls turned short and the double lines crossed downwards

Support level: 1640, 1620 Pressure level: 1680, 1700

Reference operation: Although the market has broken through 1650, it has not effectively stabilized. The current trend is still mainly volatile. The daily level is concerned about whether it can stand above the MA30 moving average. If it stabilizes, there is a chance to test the 1680 area. If the daily line closes below 1630, short positions are possible. It is possible that the decline will continue, and the current market has returned to weakness again. The idea is to continue to focus on high altitudes and supplement it with low prices. Real-time operation guidance is welcome to pay attention and communicate.