Crypto Circle Academician: Can Ethereum Hold the Last Bullish Defense Line on 6.27? Latest Market Analysis and Reference Suggestions
Current price of Ethereum is 2426, it is now 2 AM Beijing time. The main force has been supported by the 0.382 Fibonacci retracement level since the 9th, with resistance at the 0.5 retracement level at 2746, forming a large box structure with a span of 300 points. Although it broke below the box at the end of the month, it ultimately returned to the box structure. The effective strategy of heading south at 2500 only yielded less than 100 points of space,
The daily candlestick currently has a high of 2520 and a low of 2408. The EMA trend indicator is contracting. After breaking a trend top resistance, the candlestick pulled back to the Fibonacci support level of 2525 and is currently consolidating. The MACD continues to decrease in volume, with DIF and DEA contracting below the zero line. The middle band of the Bollinger Bands at 2520 shows strong resistance, indicating that if the 2520 resistance level is not broken, it can effectively head south. The lower band is moving down to 2235. There are several points to pay attention to: the first above at 2520, the second below at 2425, and the third bottom at 2235.
The four-hour candlestick broke the rising trend line and EMA trend indicator, then fell below the trend line. It is currently consolidating at the trend support level of 2410. The MACD shows a decrease in volume, with DIF and DEA contracting. There is short selling momentum, and the pullback has pressure. Additionally, the Bollinger Bands are contracting with an upper resistance point at 2520 and a lower support point at 2310, forming two extremes of pressure and support. In terms of strategy, the probability of consolidation in the short term is greater, making it suitable for swing trading.
Short-term reference: Safety first. Remember that there is no 100% certainty in the market, so always set stop-loss orders. The goal is to minimize small losses while maximizing large gains.
For southward testing points, if 2475 to 2500 is not broken, defend at 2530, with a stop loss of 30 points. The target is to look at 2450 to 2400, and if broken, look at 2380 to 2350.
For northward testing points, if 2360 to 2330 is broken, defend at 2300, with a stop loss of 30 points. The target is to look at 2435 to 2465, and if broken, look at 2495 to 2525.
Specific operations should be based on real-time market data. For more information, you can contact the author. Note that there may be delays in article publication; suggestions are for reference only, and risks are borne by the reader. $BTC