8.31 Mr. Coin in the Coin Circle: Ethereum (ETH) Market Analysis Reference
Affected by the overall market yesterday, Ethereum also went down, but the overall shock pattern has not changed. The low touched the 2430 first-line support and rebounded. The current price is running around 2520. The middle track of the daily Bollinger Band has not been broken, and the support is still slowly moving up, so it is expected that the short-term range shock posture will not change, and the intraday operation can maintain high-altitude and low-multiple.
From the short-term hourly chart, the Bollinger Bands are in a closing posture, and the price rebounds rapidly when it falls back to the support area. It has now broken through the middle track suppression. If it can stabilize above the central axis in the future, the price is expected to test the 2550 first-line suppression area. Otherwise, it will retreat to the short-term 2500 first-line support. Ethereum's intraday trend has not changed, and the idea of shock can be maintained over the weekend.
8.31 Ethereum short-term reference:
Short order: 2530-2560 short, defense 2660 cover, stop loss: 2670 target below 2480,
Long order focus: 2450-2480 range, stop loss 50 points, target above 2520,
The article is delayed in sending, and the strategy suggestions are for reference only. The market changes rapidly. No matter how high your judgment of the market is, you must take profit and stop loss well, and put the profit in the bag $ETH $BTC