ETH

1-Hour Price Trend of ETH: Down.

Below is a 1-hour candlestick chart of Binance ETH/USDT, with the latest price at: 3499.27 USDT, including EMA, MACD, KDJ, and volume indicators.

【Buy and Sell Points】

Buy Point 1: 3500 USDT (price close to the 7-period EMA support level, if it stabilizes, it may signal a short-term rebound) Buy Point 2: 3427 USDT (near the lowest price, if the price tests this level again and does not break below, it may form a double bottom) Long Stop Loss Point: 3400 USDT (below Buy Point 2 and leaving enough space to avoid triggering the stop loss from small fluctuations) Sell Point 1: 3550 USDT (below the 30-period EMA, if the price rises to this point, it may encounter strong resistance) Sell Point 2: 3600 USDT (a resistance level that has been tested multiple times recently without breaking, higher than Sell Point 1 to ensure considerable profit) Short Stop Loss Point: 3650 USDT (above Sell Point 2, as a recent local high point, exceeding this level may indicate a trend change)

【Price Trend Analysis】

Candlestick Pattern:

Recent candlesticks show significant price fluctuations, with a clear downward trend from 23:00 on June 11 to 07:00 on June 12, during which the long upper shadow at 23:00 on June 11 indicates increased selling pressure at high levels. Three consecutive bearish candles from 15:00 to 17:00 on June 10, with closing prices gradually decreasing, suggest that there may be further downside risk in the short term.

Technical Indicators:

In the MACD indicator, both DIF and DEA are operating below the zero axis, and the MACD histogram has turned negative, indicating that the market may be in a bear market. In the last few hours, the MACD value has rebounded, but it still needs to be observed whether it can sustain. The KDJ indicator's J value peaked at 06:00 on June 11 and began to decline, with K and D lines also showing a downward trend. The current K value (61.01) has already retreated from the overbought area, signaling a potential price correction. The EMA indicator shows that the 7-period EMA (3496.90) is below the 30-period EMA (3548.17), which is generally seen as a signal that the short-term trend is weaker compared to the long-term trend.

Volume:

During the price decline, the trading volume increased, especially during the significant drop at 23:00 on June 11, accompanied by huge trading volume, indicating that this drop has gained wide recognition in the market. The latest hour's trading volume (30911.5740) has slightly decreased compared to the previous few hours, suggesting that the downward momentum may be weakening. #看懂K线 #美国加征关税 #币安Alpha理财中心 #币安HODLer空投RESOLV #加密圆桌讨论