Cryptocurrency Scholar: Is the 5.4 Ethereum price a false alarm? Can it break through heavy pressure and experience a surge? The future direction is alarming! Latest market analysis reference
The essence of trading is survival, and only then comes profit, I hope you can understand,
The current price of Ethereum is 1830, and it is now 3:30 AM Beijing time. Since profiting from the previous 1730s, I have not entered the market again. The daily K-line has not yet impacted the key pressure level of 1900, and the trend has been moving in an upward channel, continuously forming upper shadows to wash the market, with the main force buying and selling back and forth. This is not good for retail investors, as it could lead to a massive plunge, especially on the eve of Ethereum's tenth anniversary celebration, one must be cautious
The highest daily K-line is 1842, the lowest is 1807, the EMA trend indicator at a higher level is beginning to flatten, the EMA30 support has arrived at 1770, which overlaps with EMA15, serving as a key support reference. Reaching this position can test long positions. The MACD has been continuously expanding and reducing volume trends, and the DIF and DEA are about to end their polarization, with bullish momentum still lurking. The Bollinger Bands are expanding upwards, with the upper band reaching 1930, and the middle band remaining at 1720, the high-level trend is still in a slow rising market
The upward channel is more evident in the four-hour K-line, with the top continuously being raised and the bottom support consistently moving upwards. The EMA120 support has reached 1760, the MACD has continuously decreased in volume and increased in positions, and the DIF and DEA have expanded at high levels. The upper band pressure level of the Bollinger Bands is focused on 1870, and the lower band support is focused on 1780. From a short-term indicator perspective, the entry points for long and short positions are already very clear. You can place orders in advance or set alerts for when the price reaches the entry position
Short-term reference: Safety first, remember that there is no 100% in the market, so always ensure stop-losses. Safety first, small losses and big profits are the goal
Northern entry point 1770 to 1750, defense at 1730, stop-loss 30 points, target looking at 1800 to 1840, break point looking at 1870
Southern entry point 1860 to 1880, defense at 1900, stop-loss 30 points, target looking at 1820 to 1800, break point looking at 1775
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. The article is published with a delay, and suggestions are for reference only. Risks are undertaken by yourself. $ETH