Crypto Scholar: July 30th is Ethereum's 10th Anniversary, Will it Surge or Crash? Latest Market Analysis and Reference Suggestions
Ethereum's current price is 3795. Today marks the 10th anniversary of Ethereum. This month's market has been climbing from 2370 to a peak of 3940. Whether it will rise further on this special day is uncertain. The market fluctuations in recent days have been largely influenced by emotions, especially with several stretches hitting high levels. The market has remained high without major pullbacks, making it difficult to confidently move upward; one can only capture small waves. As for friends holding coins above 3900, don’t rush to exit completely. After a drop below 3700, you can take some profits and continue to watch for new lows.
Before publishing, the daily high was 3885 and the low was 3712. The EMA15 trend line is still stretching and has reached 3585. The bottom is being raised and has not ended yet, while the top divergence in the market continues. In particular, as the MACD volume decreases, if the market loses 3700, the DIF and DEA will form a high-level death cross. The upper Bollinger Band has stopped stretching upwards and returned to the 4140 resistance level, while the middle track support has stretched to 3475 and continues to stretch. Overall, there seems to be a trend of pullback from high levels.
The four-hour K-line has broken the EMA30 and is starting to test the EMA60 support at 3680. The continuous decrease in MACD indicates that the bearish trend is valid. The DIF and DEA are forming a death cross at a high level and are spreading apart. The K-line has reached the lower Bollinger Band support at 3710. The next step is to see if the support can hold. If it holds, there will be a correction, and the market will continue to move in a range. Pay attention to the upper Bollinger Band resistance at 3900. Interested coin holders can trade back and forth quickly, while those who are more conservative should primarily focus on shorting at high levels.
Short-term reference: Safety first. Remember that market conditions are not 100% certain, so always set stop-loss limits. The goal is to minimize losses and maximize gains.
Southbound trial position: 3900 to 3950, defend at 4000, stop-loss at 50 points, target at 3850 to 3800, if broken, look at 3750 to 3700.
Northbound trial position: 3700 to 3650, defend at 3600, stop-loss at 50 points, target at 3750 to 3800, if broken, look at 3850 to 3900.
Specific operations should be based on real-time market data. For more detailed information, please consult the author. There may be a delay in article publication; suggestions are for reference only, and risks are borne by the reader. $ETH