Market Review and Technical Analysis
Overall trend
Ethereum successfully closed its short position near 3150 yesterday, earning more than 100 points of profit. Currently short position, waiting for new entry opportunities. The overall trend of Ethereum follows Bitcoin. The current price is running near 3115, and the support moves up to 3045. The price fluctuates during the day, and enters a consolidation pattern after touching 3157. Focus on the suppression area of 3175 in the future market, and observe the rebound breakthrough.
Daily Line Analysis
Key support: 3045.
Important pressure:3175.
Overall trend: The price fluctuates around 3115, showing a consolidation trend.
Hourly chart analysis
Current status: The trend fluctuates around the EMA5 moving average, with both long and short sides in a stalemate.
Short-term trend: After a pullback under pressure, it will enter consolidation. Before breaking out, maintain the strategy of high-altitude and low-multiple in the range.
Recommendations
Comprehensive analysis
Ethereum's intraday operation strategy should maintain a high-altitude and low-multiple range operation, respond flexibly to short-term fluctuations, and pay attention to changes in key support and resistance levels.
Specific strategies
Short Order Strategy
Entry point: When it rebounds to the 3140-3170 range, arrange short orders.
Defense point: set at 3250.
Stop loss point: set at 3290.
Target point: The first target is 3080-3050. If it falls below 3040, you can continue to hold.
Long order strategy
Entry point: When the price pulls back to the 3030-3060 range, arrange short long orders.
Stop loss point: set at 3000.
Target point: The first target is above 3130.
To sum up, the intraday operation recommendation for Ethereum is to continue to maintain the high-altitude and low-multiple strategy in the range, pay close attention to the changes in key support and resistance levels, flexibly adjust the strategy, and ensure the stability and security of the transaction.
