Li Shengting: 6.6 Ethereum Early Morning Market Analysis and Trading Ideas
This evening, Ethereum has also fallen as expected according to the analysis provided. From the daily technical indicators, there is no significant change. The KDJ technical indicator shows all three lines turning downward, the MACD technical indicator is in a bullish contraction phase, and the BOLL technical indicator is running in the middle track area. It is worth noting that the price of Ethereum has dropped from the original middle track area to run above the lower track. The RSI technical indicator remains at a relatively high value, and the MA5 and MA10 moving averages show clear signs of a downward trend. Currently, the K-line has dropped below the five-day moving average. Considering the current trend, I personally believe that the short-term trend is still leaning towards a main downward fluctuation.
From the 4-hour technical indicators, the KDJ technical indicator shows a dead cross pressing downward, and the MACD technical indicator is showing a bottom cross downward. Currently, Ethereum is under a red TD3 downward signal, and the MA three-day moving averages are arranged in a bearish pattern. In summary, considering both daily and short-term indicators, I expect that the early morning trend will still be biased toward a fluctuating downward trend.
The above is my personal early morning market analysis for reference only; please refer to real-time guidance for specifics $ETH