Li Shengting: 5.30 Ethereum Midday Market Analysis and Trading Ideas
Yesterday, Ethereum struggled to break higher and subsequently fell under pressure. From a short-term perspective, the current BOLL technical indicator and MA30 moving average are both in a stage of oscillating upward. Although the price has dropped near the MA30 moving average, the MA30 moving average has not turned down. Currently, the bottom chips and buy order area seem relatively strong.
From the daily technical indicators, the KDJ and MACD indicators have turned down again. The daily level indicators are more authoritative, while short-term indicators can only assist in judging short-term trends. At the same time, oscillation is quite strong. The BOLL technical indicator continues to open towards the upper band, and although the price has not been able to align with the bulls, the signs of opening are quite evident. Meanwhile, the three-day moving averages are arranged to rise to varying degrees. Personally, I believe that after this round of pullback, the price will continue to oscillate upward.
From the 4-hour technical indicators, the KDJ and MACD indicators are oscillating near the midpoint. The BOLL technical indicator is running close to the middle band. The short-term three-day moving averages are arranged to rise to varying degrees. For the upcoming short term, it is crucial for the price to maintain the support level below 2550. As long as this key support level holds, the price will continue to increase. I believe today's price will primarily oscillate upward.
Ethereum: Buy in parts around 2610-2575; Stop loss: 2514; Target: 2680-2750
Bitcoin: Buy in parts around 105000-104500; Stop loss: 103500; Target: 106000-107500
The above is my personal midday market analysis for your reference. $ETH