ETH market analysis:
The current price of Ethereum is around 2490, which is consistent with the previous analysis. After breaking through the key pressure level, the price fell back to the neckline without breaking, so continue to hold. From 2300 to 2490, there is more than 180 points of room for growth, and you can choose to leave at any time. But there is no need to rush to take profits, because there is still room for further growth above. Don't try to predict the top, and don't pursue taking profits at the highest point. It is recommended to lock in part of the profit during the retracement, let the profit continue to grow, and leave the rest to the market trend.
From the current market, the daily K line continues to hit new highs, reaching a maximum of 2495, which is very close to the upper EMA15 trend pressure level of 2485. Whether it can break through 2500 is still unclear. MACD shows that the volume is shrinking and the chips are increasing. DIF and DEA are shrinking near the 0 axis. The market is polarized and the current trend is oscillating upward. The middle rail pressure level of the Bollinger Band is 2525, and the lower support level is 2285. The KDJ indicator shows a contraction, and there is a trend of forming a golden cross. If the price breaks through the key pressure level of 2500, it is recommended to continue holding.
The four-hour K-line has just broken through the EMA30 pressure level of 2438. Next, we need to observe whether EMA30 can be stabilized and the next resistance level EMA60 can be hit. MACD continues to increase in volume, the market turnover rate is high, and the trading volume is gradually increasing. DIF and DEA began to spread upward from the bottom of the 0 axis. Although the rising channel is relatively slow, the trend is stable. Therefore, it is recommended that longs continue to hold and consider shorting when the key resistance level is broken. Currently, the main focus is on retracement and longing.
Short-term operation suggestions: Always put safety first. There is no absolute certainty in the market. Stop loss must be set. Small losses and big profits are the goal.
Continue to hold long orders below.
Upper target: Consider short orders at 2600 to 2620 points, and the defense point is set at 2670. If you need to cover short orders, the target is 2400 to 2350. If it breaks, pay attention to 2300 and set the stop loss to 50 points. #ETH🔥🔥🔥🔥