Market Check Report on July 4
From a short-term perspective, Ethereum's market trend is weak, currently running below the mid-band of the Bollinger Bands and the short-term moving average (1-hour K). Bearish forces are gradually strengthening, but from the RSI and KDJ indicators, the oversold region provides some rebound demand. In the short term, the market may maintain a weak oscillating trend, with limited pullback strength. MACD: The current yellow and white lines show a tendency to form a death cross, with green bars gradually appearing, indicating that bearish momentum is strengthening.
Technical Analysis
BOLL: The Bollinger Bands are gradually narrowing, with prices running below the mid-band, and support appearing near the lower band around 2540.
RSI: The RSI is near the 50 line, showing adjustment signals in the short term, without clearly entering the overbought or oversold regions.
KDJ: The K, D, and J lines are clustering in the mid-low range, with the J value touching a low and rebounding, indicating a short-term rebound demand but insufficient momentum.
Volume: Trading volume has recently decreased, with no significant increase at high levels, and the funding driving force is declining, leading to cautious play between buyers and sellers.
MA: The MA5 short-term moving average is close to the price, indicating a short-term market adjustment, while the medium- and long-term moving averages maintain a bullish trend.
Trading Suggestion: Buy in the range of 2480-2450
Defensive level: 2425
Target: 2550-2600-2650