【7.19 Ethereum Trend Analysis】
K-line shape: The recent price has fluctuated in the range of 3370 to 3500, forming a relatively obvious shock consolidation area.
There were several peaks and subsequent pullbacks, showing that there was strong pressure above.
Technical indicators: The current MACD is in the negative zone, and both DIF and DEA diverge downward, indicating that there is certain downward pressure in the short term. The RSI value is hovering around 50, not entering the overbought or oversold zone, and the market sentiment is relatively neutral. The EMA has begun to move flat or even slightly downward, which may indicate that the short-term trend is weakening.
Trading volume: Trading volume increased significantly from July 15th to July 17th, especially when the trading volume peaked on July 15th, and then gradually decreased. Trading volume has shrunk in the past four hours in several cycles, and the market has a strong wait-and-see sentiment.
Suggestions for intraday operations:
Long: 3350-3320 range, target 3500-3550
Long: 3270-3230 range, target 3360-3430-3500
Empty: 3510-3530 range, target 3460-3400-3330
Personal analysis and opinions are for reference only!