Li Shengting: 5.2 Ethereum Early Morning Market Analysis and Trading Ideas
This evening, Ethereum has been slowly rising in small steps. Meanwhile, after yesterday's lowest point dropped to about 1730, the bears have not continued to sell off. From the daily technical indicators, the KDJ indicator and MACD indicator are showing a golden cross and are continuously pressing upward. The BOLL indicator is running near the upper band area and is slowly opening up towards the upper band. The MA30-day moving average is also strengthening, and currently, Ethereum is stabilizing above the MA5-day moving average, showing a green TD2 bullish pattern with increased volume. Additionally, the gap from yesterday's drop has been technically repaired, so I personally believe that the price will likely continue to fluctuate upward in the early morning.
From the 4-hour short-term perspective, the KDJ indicator is oscillating upward, while the MACD indicator shows a golden cross at the bottom and is crossing upward with the DIF and DEA indicators working together to press upward. The ultra-short-term BOLL indicator is operating in the mid-band area, and the price is currently closely following the mid-band region. The short-term MA7-day moving average shows obvious upward signs. Overall, I believe that the early morning trend will likely continue to fluctuate upward, and my suggestion for the early morning strategy is to mainly focus on buying on dips.
Ethereum: Buy in batches around 1850-1820, Stop Loss at 1770, Target: 1920-1950
The above is my personal early morning market analysis for reference only #币安Alpha上新 #特朗普就职百日 $BTC