Today's Market Physical Examination Report July 8

Ethereum's recent price has shown a volatile trend with no clear breakthrough direction, the market is in a tug-of-war state between bulls and bears, trading volume is low and momentum is weak, direction is unclear, cautious operations, mainly waiting and observing, recently focusing on technical strategies.

Technical Analysis (1-hour K)

Volume: Trading volume has increased during the price pullback, reflecting that funds may gradually enter the bottom area.

MACD: The DIF and DEA lines are intertwined, with the histogram alternating between red and green and the amplitude weakening, indicating a temporary balance of bullish and bearish forces in the market.

MA: The short-term moving average (MA6) repeatedly crosses the medium to long-term moving averages (MA30, MA144), indicating that the market has entered a high-frequency oscillation and consolidation phase.

BOLL: The upper and lower bands are narrowing and the price is close to the mid-band, showing reduced volatility, and the market is in a narrow range oscillation state.

RSI: The RSI value oscillates within the 40-60 range, not breaking through the overbought or oversold areas, indicating insufficient market momentum and weak directionality.

Intraday Operation Suggestions

First consider a wide oscillation between 2635-2475

Setting up long positions between 2475-2435

Defend at 2420

Target 2530-2570 #ETH