Boom! In-depth analysis of the market for $ETH , opportunity and risk coexist
Friends in the crypto world, take a look at the ETH/USDT perpetual contract market. In early August, ETH rebounded strongly after a fluctuation down to the support level of $3353.51, surging to $3996.52 on August 9, with a significant upward trend.
In terms of technical indicators, the BOLL bandwidth changes with price fluctuations, and the current price is near the upper band, which may have pullback pressure. The MACD indicator showed a golden cross on August 7, with the DIF and DEA lines above the zero axis, indicating a clear bullish trend. The RSI indicator is in the neutral zone, with the upward trend in sync with the price rebound, and buying pressure is increasing.
I think the current market sentiment is optimistic, but there is resistance at high price levels. If it breaks through $3996.52 and the indicators remain bullish, consider holding positions or adding to positions. At the same time, set a stop-loss near $3835.59 to control risk.
The crypto market changes quickly, everyone stay focused on the trends, adjust strategies in time, seize opportunities, and avoid risks!
Not sure how to operate in this market? Follow Fan Ge, strategies will be provided, execution is up to you! There are only so many positions available, those who act quickly will benefit, those who are slow will miss out!
