Today's midday Ethereum market analysis and operation suggestions are as follows:
Early this morning, after the Ethereum price rebounded to around $3,156, it began to fluctuate and adjust. The current price is stable at $3,130.
From the perspective of daily technical indicators, the KDJ indicator shows a golden cross upward trend, the DIF and DEA of the MACD indicator form an upward cross at the bottom, and the BOLL indicator is running on the middle track as a whole, and has not yet shown signs of bullish volume.
The MA5 daily moving average continues the upward trend of yesterday, and the currency price is currently running above MA5, forming a green TD5 long arrangement. Comprehensive analysis shows that the overall market trend is biased towards bulls to a certain extent.
From the perspective of the 4-hour chart technical indicators, the KDJ three lines turn upward, the MACD indicator fluctuates at a high level, and continues to maintain a golden cross state, indicating that the strength continues. The ultra-short-term BOLL indicator shows that the currency price is running above the middle track, and the MA5 daily moving average and the MA10 daily moving average continue to fluctuate upward. Overall, today's market trend is still dominated by oscillating upward.
In summary, it is recommended to observe the market performance around $3,130. If the price remains stable and shows upward signals, you can consider appropriate long positions, but you need to be cautious in dealing with market fluctuations.
