Crypto Circle Scholar: 10.25 Ethereum's "slow rising channel" is not a "smooth path"! Is it "gathering strength" or "exhaustion"? Latest market analysis and short-term strategy reference
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The current price of Ethereum is 3912, and it is now a little past three o'clock Beijing time. The pressure level on the market is 3915 downwards, the second pressure level is 4010 downwards for additional positions. Where is everyone's average price now? It is possible that the main force will continue to stretch and hit the next resistance level of 4115, so after returning to the average price, remove the added portion. If the market really breaks the previous high and hits 4115, the average price can continue to be adjusted. For those who have not entered the market, let’s see if the price will hit 4100.
Before the release of the daily candlestick, the highest was 4026 and the lowest was 3844. The triangular contraction at the daily level is not obvious, just a decrease in volume above, forming a bottom divergence, indicating that there is still a possibility of further upward movement in the market, likely a sharp rise. For those who have not entered, it is recommended to place orders, as it is difficult to buy good entry points manually. Pay attention to the upper resistance of the Bollinger Bands at 4080, with short-term resistance at the intersection of EMA90 and 15 at 4010. The medium-term resistance to pay attention to is the 236 line at 4115.
The four-hour candlestick clearly shows that the highest point has hit the descending pressure level at 4030, close to the EMA120 trend line at 4040, forming a small slow rising channel. After the CPI news came out, it briefly stretched and broke through 4000, and now it has returned to the 3900 level. Pay attention to the upper resistance of the Bollinger Bands at 4010, and the overall trend remains bearish, so the downward trend is still effective to hold.
Short-term reference:
Upward testing point from 3750 to 3700, stop loss at 50 points, target looks at 3800 to 3850, breaking point looks at 3900.
Downward testing point from 3980 to 4030, defense at 4080, stop loss at 50 points, target looks at 3880 to 3830, breaking point looks at 3770.
Specific operations should be based on real-time market data. For more information, you can consult the author. There may be a delay in article release, suggestions are for reference only, risk is borne by oneself $ETH
