Li Shengting: 8.6 Ethereum Evening Market Analysis and Trading Ideas
Ethereum began to decline sharply last night, with the low touching around the 3540 line, without any substantial breakthrough of the lower support. From the daily technical indicators, the KDJ indicator shows a golden cross with a slight upward fluctuation, the BOLL indicator is continuously moving upward, but the MACD indicator shows signs of decreased volume. This indicates a certain conflict in the technical indicators; however, the low MA30 moving average continues to rise, and the signs of strength compared to yesterday are very evident. Meanwhile, buy orders and chips at the bottom are also continuously increasing. We currently judge that the trend is primarily based on trend indicators.
From the 4-hour technical indicators, the KDJ indicator shows a golden cross upward, the MACD indicators DIF and DEA are both moving upward together, and the BOLL indicator shows that the coin price has stabilized again in the upper track area. The short-term MA5 moving average continues to strengthen. In summary, based on the daily and short-term analysis, I believe today’s coin price will still primarily focus on a fluctuating upward trend.
Ethereum: Long positions around 3620-3580 with stop loss at 3516, target at 3700-3750.
Bitcoin: Long positions around 114000-113200 with stop loss at 112000, target at 115600-116500.
The above is my personal evening market analysis for your reference, specific points and directional changes are subject to real-time guidance $ETH