7.5 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

  Yesterday, affected by the overall market, the upward trend was interrupted, with prices near the 2600 line under pressure in the morning. Although there were multiple rebounds afterwards, it failed to stabilize at the 2600 line. The intraday trend oscillated downward, and bullish sentiment began to weaken, entering a correction trend.

From the short-term hourly chart, the intraday market faced pressure and correction. Recently, the daily chart has formed a double top structure (2603.17 and 2635.5), accompanied by a large bearish candle on July 4 confirming the top formation, with the closing price breaking below the neckline at the 2500 integer level. The MACD daily DIFF crossed below DEA forming a death cross (2.28 crossing -10.51), with the histogram turning from positive to negative, and the four-hour level continuing to run below the zero axis. The RSI daily fell from a high of 57.18 to 50.56, with the four-hour level entering the weak zone below 30 (lowest 26.86). The EMA daily broke key moving averages: prices continuously lost support at EMA7 (2499.86) and EMA30 (2480), and the 120-day moving average (2397.16) became the dividing line between bulls and bears. Currently, the coin price is fluctuating near the middle track, with both bulls and bears being relatively entrenched. The short-term trend is quite stuck, and there are no signs of a breakout, so it is expected that the oscillating market will continue. We pay attention to the upper resistance near 2565 and the lower support near 2450. If the lower support breaks, space opens up below again. Therefore, in terms of operation, the main strategy is to short on rebounds.

7.5 Ethereum short-term reference:

Lower test entry point 2560-2615, defend at 2800, stop loss: 50, target below 2500,

Upper test entry point 2405-2455, stop loss 30 points, target above 2500,

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly; no matter how high your judgment and grasp of the market are, always manage your take profit and stop loss, securing profits is vital #美国加征关税 #BTC #ETH🔥🔥🔥🔥🔥🔥 #ETH #非农就业数据来袭