7.15 Ethereum (ETH) Market Analysis Reference
After Ethereum fell back to 2950 in the early morning yesterday, the market broke out of the upward trend, breaking through the high level near the 3080 mark and pulling back under pressure. At present, the long and short sides are in a stalemate. The market has entered a high consolidation after the correction. The price fluctuates back and forth above 3000, but the daily upward track is good. If the price stabilizes at 3000 in the future, the price is expected to rise further and move towards 3100 again. The support below can focus on the 2980 line in the short term.
The 4-hour level formed a double top structure near 3083, and then fell below the EMA7 support (3015), facing a pullback pressure in the short term. The daily level closed positive for a long time and a long upper shadow line (3067→2990) appeared, indicating that the high selling pressure was obvious. MACD: 4-hour DIF crosses below DEA to form a death cross (15.36/18.85), the bar chart turns negative (-11.86), but the daily line is still in the bullish area (129.16/75.81). EMA: The price falls below the 1-hour EMA7 (3032), and the lower EMA30 (2919) and the daily EMA7 (2890) form a support chain. It can be seen that the integer level of 3000 has become a key position for long and short positions. Intraday operations focus on the support line of 2980 below, and operations are mainly based on callbacks.
7.15 Ethereum short-term reference:
Lower test position 3125-3075, defense 3280 supplement, stop loss: 50, target below 3050,
Upper test position 2995-2955, stop loss 30 points, target above 3040,
The article is delayed in sending, and the strategy suggestions are for reference only. The market changes rapidly. No matter how high your judgment of the market is, you must take profit and stop loss well and put your money in the bag.
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