ETH9.16 evening analysis

ETH showed an overall downward trend yesterday. In the evening, the short sellers fell to the 1611 first-line support and rebounded. The long-term gains accelerated and pulled up to the 1654 first-line support and fell back. The currency price is currently running around 1634, and the four-hour market failed to effectively fall below the MA60 support. Then it rebounded quickly and broke through the previous high, but the volume and energy failed to keep up.

Support level: 1620 1600

Pressure level: 1680 1660

Reference operation: At present, the stagflation price of bulls has fallen back. If it falls below the MA7 moving average support, there is still the possibility of downward movement. The daily level is generally suppressed by the MA30 moving average. The upper space is limited and must not blindly chase the long. If it can stand firm at 1650, it may open up. In terms of space, the current trend is still dominated by high altitude and supplemented by low and long positions. The top suppresses 1660-1680 and the bottom supports 1620-1600.

Real-time operation guidance is welcome to pay attention and communicate.