6.18 Ethereum Market Analysis

From the daily chart perspective, today's KDJ, MACD, and BOLL are still continuing to make (indicating that Ethereum is currently maintaining a large-scale box structure for box fluctuations). In the main chart, the three-day moving averages have shown a slight upward change compared to yesterday, and today the K line is also attempting to stay above the five-day moving average, while the green TD1 is now slowly 'rising'. From a review perspective, Ethereum is currently within a triangular box structure, and yesterday's downward movement again touched the lower point of the triangular box structure, resulting in the observation that Ethereum has not effectively broken below the support, indicating that the current triangular fluctuation box structure is established. For this round of fluctuation market, the high point pressure is the weekly MA30 (2650), with support around 2450, and whichever side can be effectively broken in the short term will lead to a one-sided market trend.

From the 4-hour chart perspective, KDJ and MACD have shown a slight upward change, while BOLL indicates that Ethereum is also trying to touch the middle track. In the main chart, MA5 has a slight upward change, while MA10 is experiencing downward pressure. For the current market situation, I personally still recommend everyone to focus on high selling and low buying within the triangular fluctuation box structure. As long as the triangular box is not broken, the market will not show strong fluctuations or breaking emotions, so strictly following the fluctuations for high selling and low buying will be relatively safer.

Summary: Currently, the technical analysis space is limited, and trading within the box will be relatively safer. Considering that yesterday Ethereum hit the bottom of the triangular box, it is highly likely that Ethereum will trend towards upward fluctuations today, with the key strong pressure at the upper high point still referenced around 2650 (note that if the short-term pressure does not break, Ethereum will still return to the 2650-2450 range for box fluctuations).