Crypto Circle Academician: 7.17 Ethereum's 'Unilateral Rise' 'Frenzy Signal'! Latest Market Analysis and Reference Suggestions
Current Price of Ethereum: 3350, it's currently 2:30 AM Beijing time, thirteen days until Ethereum's tenth anniversary celebration countdown, how high it can rise is unknown, at least beyond my comprehension. Friends in the crypto community wanting to eat alongside the main players must ensure to set stop-losses to prevent chasing highs to the ceiling. After all, Ethereum is currently in an extremely overbought market, completely deviating from its original trajectory, moving in a continuous unilateral manner.
Before the publication, the daily K-line's highest was 3360 and lowest was 3100. The EMA trend indicator maintains an upward alternating expansion forming a bullish trend. The fast and slow line trend indicators are widening, indicating that market fluctuations will be significant. The MACD is continuously increasing volume, and after the DIF and DEA stand at a high position, the main players are continuously pushing up. The Bollinger Bands are opening up, and the K-line is continuously stretching upwards from the upper Bollinger Band at 3240. Overall, the trend remains bullish. Friends holding bullish positions can continue to look upwards, and if there’s a pullback that doesn’t break the neck line, continue to hold for new highs.
On the four-hour K-line, an ascending flag pattern broke out and stretched after breaking 3030, soaring past 3300. Currently, the EMA trend indicator is tilting upwards, and the fast and slow trend indicators are widening with significant long and short fluctuations. Pay attention to reasonably arrange positions to avoid risks. The MACD has been increasing in volume for several days, and the DIF and DEA formed a golden cross at a high position. The Bollinger Bands are stretching upwards, with upper support at 3250. After the main player’s pullback stands effectively, consider moving northward; do not consider moving southward again prior.
Short-term reference: Safety first, remember that the market is never 100% certain, so always set proper stop-losses. Safety first, small losses with large gains is the goal.
For southern trial positions: 3450 to 3500, defense at 3550, stop-loss at 30 points, target looking at 3400 to 3350, breaking down to 3300 to 3250.
For northern trial positions: 3250 to 3230, defense at 3200, stop-loss at 30 points, target looking at 3300 to 3350, breaking up to 3400 to 3450.
Specific operations should be based on real-time market data. For more information, please consult the author. There may be delays in article publication; suggestions are for reference only and risk is borne by the reader.