Cryptocurrency Expert: 8.4 Ethereum's Brief Rebound Space, or an Excellent Entry Point for Bears! Latest Market Analysis and Reference Suggestions
Ethereum current price is 3485, daily K-line dual line strength EMA30 trend support at 3375, support is effective, short-term pullback resistance above 3500, if resistance does not break at 3570, the short-term trend remains bearish, MACD continues to shrink while accumulating, DIF and DEA are spreading downward indicating a bearish trend, Bollinger Bands' upper track broke below 4000, the mid-track pressure level is at 3625, and the lower track support is at 3260. Overall, the trend is expected to choose direction near the mid-track.
The four-hour K-line has reached the trend support EMA120 line at 3518, failing to break through twice, indicating that the EMA trend indicator's three lines have formed a death cross above, short-term bears are clear, can descend at the pressure level, MACD's continuous shrinkage ends and starts to expand, DIF and DEA form a golden cross below the 0 axis, indicating that there is still a little space above in the short term that has not been fully stretched. It can wait for the K-line to stretch again to around 3550 before considering, focusing on 3550 in the Bollinger Bands, upper track at 3775 and lower track at 3320.
Short-term Reference: Safety First, remember that the market is not 100%, so always set stop losses. Safety first, small losses with big profits is the goal.
Northern trial point from 3300 to 3250, defend at 3200, stop loss 50 points, target looking at 3350 to 3400, if broken see 3450 to 3500.
Southern trial point from 3530 to 3570, defend at 3610, stop loss 50 points, target looking at 3450 to 3400, if broken see 3350 to 3300.
Specific operations are based on real-time market data. For more information, please consult the author. Article publication may have delays, suggestions are for reference only, risk is self-borne. $ETH