Li Shengting: 6.7 Ethereum Midday Market Analysis and Trading Ideas
This morning, Ethereum once again dipped to the 2455 level, and then began to adjust in a volatile manner. From the daily technical indicators, both KDJ and MACD indicators are in a death cross, oscillating downwards. The BOLL indicator remains in a phase of continuous narrowing, while the coin price has fallen below the middle band. Currently, the selling pressure above is relatively strong. On the daily level, the MA5 and MA10 moving averages are still trending downwards, and the coin price is currently below the five-day moving average. However, the low point MA30 moving average shows signs of strengthening. If the coin price cannot break below the MA30 moving average, which is in the range of 2313-2267, then the price will likely experience a second upward movement.
From the 4-hour technical indicators, the KDJ indicator is oscillating at a low level, while the MACD indicator is oscillating downwards. The BOLL indicator continues to open downwards, and currently, the short-term coin price is close to the lower band. It is now attempting a technical rebound for repair. In the short term, the MA three-day moving averages are all showing varying degrees of downward arrangement, but at two o'clock in the afternoon, the K line did not continue the downward sentiment. From both the daily and short-term perspectives, it is highly likely that there will be continued box oscillation adjustment before further decline.
Ethereum: Short positions around 2510-2540; Stop loss: 2587; Target: 2400-2360
Bitcoin: Short positions around 105000-105600; Stop loss: 106500; Target: 102000
The above is my personal midday market analysis; specific points and direction changes should refer to real-time guidance $ETH