[7.10 Ethereum Trend Analysis]
K-line shape: The recent K-line shows that the price fluctuates in the range of 3000 to 3100, with obvious shock consolidation. A long lower shadow line appeared on July 8, indicating that there was strong support below; in the following days, the resistance level near 3050 was tested multiple times.
Technical indicators: The MACD histogram shows a positive value, indicating that bulls have the upper hand in the short term, but we need to be wary of divergence signals. RSI has not entered the overbought or oversold zone, and the market is relatively balanced.
Trading volume: The significant increase in trading volume on July 8 showed that the market sentiment was intense at that time. The trading volume gradually declined in the following days, and the market enthusiasm weakened, but the overall level remained at a high level.
Suggestions for intraday operations:
Long: 3000-2950 range Target: 3100-3150 Defense: 2920
Empty: 3110-3150 range Target: 3050-2970 Defense: 3175
Personal point of view, only for reference!