Li Shengtai: 6.4 Ethereum Early Morning Market Analysis and Trading Ideas
Tonight, Ethereum has once again touched a high around 2640. From the daily technical indicators, the KDJ and MACD indicators are still in a fluctuating upward phase. The BOLL indicator continues to run towards the middle track area but has not sustained an opening towards the upper track. Meanwhile, looking at the updated daily technical indicators, the MA5 and MA10 moving averages have shown slight upward signs again, while the MA30 moving average continues to strengthen. Currently, the coin price is also stabilizing above the five-day moving average, but the technical gap generated at the weekly level has not been filled. Therefore, I personally believe that the coin price will make a technical gap fill during the early morning.
From the 4-hour technical indicators, the KDJ and MACD indicators show a continuous decrease in short-term bullish volume. The BOLL indicator is running in the middle track area but has not opened towards the upper track. Currently, Ethereum is operating in a red TD4, and the RSI indicator is at a relatively high value. I personally believe that the coin price will likely make a technical pullback early in the morning, with bottom support focusing on the area around 2550-2485.
Ethereum: Short positions around 2620-2660 Stop Loss: 2714 Target: 2550
Bitcoin: Short positions around 106500-107300 Stop Loss: 108500 Target: 104000
The above is my personal early morning market analysis; specific points and direction changes are subject to real-time guidance $ETH