Crypto Circle Scholar: Will Ethereum Break Through on June 12 or 'Hold the Line'? Is the Dream of 'Hitting 3000' Over? Latest Market Analysis Reference
Current Ethereum Price: 2870. It is now 1:30 AM Beijing time. Ethereum has reached a critical juncture; breaking this point means entering uncharted territory. It is difficult to gauge how much space is available above. If it breaks, we cannot rule out the possibility of hitting the anticipated 3000 mark. Friends without overhead can choose to test positions long or short at this level, ensuring to defend and set stop losses. If wrong, it’s okay; if right, congratulations to you.
The daily K-line has a high of 2880 and a low of 2753. After retracing to the 0.5 Fibonacci retracement line, it has bounced back up. The EMA trend indicator has spread out, while the MACD has decreased in volume and started to expand. The DIF and DEA have formed a strong bullish trend above the 0 axis. The upper Bollinger Band support at 2800 has been lost, with the K-line spreading around the upper band for three consecutive days. The market has entered an extremely overbought range, indicating a demand for a downturn.
The four-hour K-line has reached the top pressure level of the ascending flag pattern. The EMA trend indicator has ended its upward alternating spread. EMA15 support is at 2736. The MACD has formed a divergence trend at the top, and the DIF and DEA are expanding upwards. The 4-hour K-line is hindered by the upper Bollinger Band, focusing on the dense area between 2900 and 2930 above. The short term is still in an extremely overbought phase. Whether it’s a trap or a vacuum, those looking to test positions at this level can try, but safety is paramount.
Short-term reference: Safety first. Remember, the market is never 100% certain, so always set your stop losses. Safety first, small losses, and large profits are the goal.
Southern testing entry points: 2850 to 2870, defense at 2890, stop loss 30 points, target looking at 2820 to 2800. If broken, look at 2775 to 2745.
Northern testing entry points: 2765 to 2745, defense at 2725 short, stop loss 30 points, target looking at 2800 to 2840. If broken, look at 2860 to 2888.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication; suggestions are for reference only, and risks are borne by the reader.