The daily K-line peaked at 1875 and bottomed at 1790. The EMA30 and EMA15 have ultimately overlapped, rising to 1760. If the next K-line pulls back and doesn't break this position, the overall trend remains bullish. For now, the K-line is pushing towards the EMA60 trend resistance level at 1920, which is worth monitoring. The MACD has been continuously decreasing in volume, and the large-scale top divergence is very evident. Coupled with the polarization formed by the DIF and DEA, there is a high probability that the market will peak and unload. It is recommended to set appropriate take-profit and stop-loss orders, as manually exiting at the best point is quite difficult. The upper Bollinger Band has reached 1900, while the middle band is at 1700. The range already outlines entry points for short positions; let's look at the short-term indicators.
The four-hour K-line has formed a double top, currently holding at 1875. The EMA trend indicator is still showing an upward bullish trend, which has not been reversed. The double top pressure level will cause the main force to consolidate above 1850. The MACD has been continuously increasing in volume, with the DIF and DEA forming a golden cross. Additionally, the four-hour K-line has broken the upper Bollinger Band at 1855 three times consecutively. This alternating upward diffusion trend presents a high risk for shorting, and conservative traders may wait for a drop to key support before going long, temporarily avoiding shorts.
Ethereum long position 1730-1760, defending at 1700, stop loss at 30 points, target looking at 1800 to 1840, if broken, look at 1870.
Ethereum short position 1900-1930, defending at 1960, stop loss at 30 points, target looking at 1850 to 1800, if broken, look at 1760.
