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

Ethereum's intraday market remains in a weak oscillation, with a rebound after touching around 2505. Recently, it has faced upward pressure twice near the 2600 line, and the current price is around 2540. The overall oscillation pattern has not changed, but the short-term pullback strength has weakened, and bullish sentiment is beginning to improve.

A double top structure has recently appeared on the 4-hour chart (around 2588), followed by a rapid drop to the 2540 area. The current price is oscillating in the 2523-2557 range, forming a short-term box. MACD: The 4-hour chart's DIF has crossed below the DEA, forming a death cross. The daily MACD's red columns are shrinking but remain above the zero axis. Bullish momentum has weakened but has not turned bearish. EMA: The price has fallen below the 4-hour EMA7 (2547), while the daily EMA30 (2492) and EMA120 (2404) are still in a bullish arrangement, with attention on the 30-day moving average support. Overall, the trend maintains narrow oscillations throughout the day, with strong resistance around 2610 above. There is a possibility of another pullback upon touching this level, so please pay close attention. Support below is focused on the 2500 line.

7.8 Short-term Ethereum Reference:

Lower test position 2625-2575, defend at 2780, stop loss: 50, target below 2530,

Upper test position 2465-2505, stop loss 30 points, target above 2560,

There may be delays in sending this article. Strategy suggestions are for reference only; the market changes rapidly. No matter how confident you are in market judgment, always ensure to set take-profit and stop-loss levels to secure your gains. #美国加征关税 #BTC #ETH🔥🔥🔥🔥🔥🔥 #ETH #香港稳定币条例