Coin Circle Liying: 10.7 Ethereum's Golden Age: A Counterattack from Selling Pressure! Latest Market Analysis

Article Release Time 2024.10.7-11:00

The current price of Ethereum is 2500. The box has finally broken and the shackles of slow growth have been broken. It has stretched unilaterally. From the overall trend, it has reached the key pressure level. Now the pressure level has become support, then there will be a chain reaction and the probability of continued stretching. So at this time, Liying reminds everyone to focus on the key support points. The sideways market at the weekend has ended, and the next is the highlight.

The current K-line pattern of the market is oscillating in the range of 2400 to 2500, forming a small box consolidation pattern. From the 4th to the 7th, the K-line showed a certain upper shadow line, indicating that there is selling pressure above. Then after the selling pressure ends, the current unilateral market will appear. Let's look at the technical indicator MACD: the current DIF and DEA are both negative, but the MACD histogram is gradually shortening, indicating that the short-term momentum is weakening, and there may be a golden cross signal to go long.

The indicator RSI rebounded from the oversold area and is currently at a neutral to strong position of 64.97, indicating that market sentiment has improved. Before entering the overbought area, the market will further stretch. The trend indicator EMA7 has crossed EMA30 and is close to EMA120, indicating that the short-term trend has turned bullish; but it is necessary to pay attention to whether the pressure level near EMA120 is stable. In addition, the trading volume of the market has decreased compared with the previous period, especially in the process of rising. After the large-scale rise on the 6th, the trading volume on the 7th has obviously shrunk. It is necessary to be vigilant about the risk of falling back after rising, and the main force should be well prepared.

Today's latest point reference: (up)

Go long at 2400, cover at 2370, stop loss at 2340, target at 2500

Short point 2550, cover point 2600, stop loss 2630, target 2450

Reason: follow the trend, actual results can be found in Liying, the content of the article is real-time, for reference only, risk at your own risk

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