【7.17 Ethereum Trend Analysis】
K-line pattern: The recent price fluctuates in the range of 3350 to 3500, forming a shock consolidation pattern. There was a strong rise in the early stage.
Technical indicators: The current MACD is near the zero axis, and DIF and DEA are close to adhesion, indicating that the market may continue to fluctuate in the short term. The previous multiple divergences indicate that there is a certain degree of uncertainty in the market. RSI has not entered the overbought or oversold area, showing that there is no obvious extreme sentiment in the market. The moving average is in a bullish arrangement, indicating that the medium- and long-term trend is still positive, and its support point needs to be paid attention to.
Trading volume: The trading volume has increased in recent cycles, especially after the big positive line at 22:00 on July 16, showing that the market activity has increased. However, the trading volume in the latest two hours has decreased relatively, indicating that the market may be waiting for new direction guidance.
Intraday operation suggestions:
Long: 3450-3400 range target: 3500-3550-3620
Short: 3510-3530 range target: 3430-3400-3380
Personal analysis is for reference only!