Cryptocurrency Scholar: Ethereum at 6.2 has broken previous lows three times to form a bearish staircase! Can the bearish momentum be reversed? Latest market analysis reference
Ethereum's current price is 2540, it is now 1:30 AM Beijing time, and the southbound voyage is still lingering in place, the market has been continuously contracting, the daily K-line's highest is 2547, the lowest is 2465, breaking previous lows three times forms a bearish momentum, can hold, the EMA trend indicator's upward alternating expansion trend is blocked, the K-line has reached the EMA30 trend support above 2410, horizontal resistance at EMA15 trend first at 2540, the consolidation trend is obvious, it is expected that before the non-farm payrolls, the main force will torment people around 2500, MACD has been continuously reducing volume and increasing positions, a noticeable top divergence, Bollinger Bands are extremely contracting, the K-line is trying to impact the middle track of the Bollinger Bands at 2570, from this position looking up at the upper track of 2690, and the lower track support at 2445
The four-hour K-line has a tail event, the K-line has been continuously testing the EMA120 trend support after 2500 began to warm up, but the EMA trend indicator's double lines are downward alternating trends unchanged, double dead cross has limited recovery space, the defensive point can be placed around 2570, the target can refer to the crucial support below at 2410, MACD has been continuously reducing volume and increasing positions, DIF and DEA are contracting, the Bollinger Bands are also contracting, the upper track has moved down to 2660, the lower track remains around 2560 unchanged, the overall trend can adopt a quick in and out mode, short on high and buy on low
Short-term reference: Safety first, remember that the market is not 100% certain so always set a stop loss, safety first, small losses with large gains is the goal
Northbound trial entry point 2430 to over 2400, defense at 2380, stop loss 30 points, target looks at 2470 to 2500, breaking point looks at 2530 to 2580
Southbound trial entry point 2580 to 2600 short, defense at 2650 short, stop loss 30 points, target looks at 2550 to 2500, breaking point looks at 2450 to 2410
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