9.2 Mr. Coin in the Coin Circle: Ethereum (ETH) Market Analysis Reference
After Ethereum's intraday market fell below the 3400 line, the price of the currency subsequently maintained a weak oscillation at a low level. In the afternoon, the market showed an upward trend. At present, the price of the currency is under pressure and slightly adjusted around 2540. The price has fallen back and is currently running around 2500. The short-term market is still in the oscillation range, and the high has approached the previous suppression range.
From the short-term hourly chart, the Bollinger Bands are open. The recent price fluctuates around 2500, with strong support and pressure. The MACD fast and slow line column changes from green to red. At present, the short position has weakened. EMA: The current price is above EMA7 (2480), but lower than EMA30 (2510). EMA120 (2620) is much higher than the current price, and the long-term trend is still bearish. In the short term, if it can stand firm on EMA7 and break through EMA30, it is expected to rise further. However, the upward momentum is not strong at present, so it is not recommended to blindly chase more in the short term, and beware of the market falling again under pressure. The short-term market is in a wide range of fluctuations, and there is no sign of a breakout, so the idea is to maintain high-altitude and low-multiple.
9.2 Ethereum short-term reference:
Short order: 2530-2560 short, defense 2660 replenishment, stop loss: 2670 target below 2480,
Long order pays attention to the 2380 breakout 2300-2340 range, stop loss 50 points, target above 2420,
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 bag in the bag $ETH