Coin Circle Liying: Hidden Opportunities of Ethereum on October 6! How to counterattack and seize opportunities in the sideways consolidation! Latest market analysis

Article release time 2024.10.6—02:20

The current price of Ethereum is at the 2400 mark, which is in line with expectations. Using yesterday's thinking, there is basically not much room for operation in the sideways trading on the weekend, and we can only wait. Today's consolidation continues. In the short term, the upper resistance is still relatively obvious. There is no trading volume. The market sentiment is too strong. In the short term, we can only do bands

Liying first refers to the trend of the market. The current K-line pattern price fluctuates around 2400, forming a small fluctuation consolidation pattern. Everyone should be able to see this. The daily K-line shows long upper and lower shadows, indicating that the market is fiercely competing for long and short positions. In the technical indicator MACD4-hour cycle, DIF and DEA are both negative, but the MACD bar chart begins to shorten, which may indicate that the downward momentum is weakening

At present, the RSI indicator is around 40 and the market is relatively stable. The current price of the trend indicator EMA is below EMA7 and close to EMA30, but EMA120 is much higher than the current price. The overall trend is biased to the downside with greater pressure, so the market is still consolidating in the short term. Be alert to the momentum of the bears. The trading volume began to decrease after breaking 2400, and it has not been able to go up. This requires constant attention to the real-time data of the market to make a judgment. In the short term, the market is still in a sideways trend, and you can do swing trading.

Today's latest point reference: (sideways)

Long point 2300, cover point 2250, stop loss 2220, target 2400

Short point 2 500, replenishment point 2550, stop loss 2580, target 2400

Reason: In the consolidation market, both long and short positions have room to grab, and you need to leave the market decisively when you encounter resistance. You can check the actual results with Liying. The content of the article is real-time and is for reference only. Risks are borne by yourself

The above analysis is based on the conclusion drawn by Liying based on market data and market trend analysis. It is for reference only. $ETH #ETH合约 #以太坊合约 #ETH收益 #ETH投资 #ETH大涨