Li Shengting: 6.2 Ethereum Early Morning Market Analysis and Trading Ideas
Ethereum price fell to around 2460 in the evening, then began to fluctuate upwards. From the daily technical indicators, both the KDJ and MACD indicators are in a range-bound stage. The evening's decline did not effectively break below the support level of the MA30 daily moving average, which is around 2430. Additionally, the daily technical indicators show that the MA5 and MA10 moving averages are showing signs of upward movement, and the current price is still stabilizing above the MA5. Although it has been constrained by the five-day moving average, the BOLL indicator remains in a strong state, so from the daily trend, Ethereum currently shows a green TD2 upward pattern, indicating that there is a chance for Ethereum to stabilize above the five-day moving average.
From the 4-hour technical indicators, the KDJ indicator's three lines have turned upward, and the MACD indicators DIF and DEA have crossed upward. The short-term BOLL indicator continues to open upwards, with the MA5 and MA10 moving averages moving up together, and the MA30 moving average is continuously strengthening. The RSI trading volume and VOL are noticeably increasing. I personally believe that the price may undergo upward fluctuations in the early morning and morning.
Ethereum: Long positions around 2520-2485 Stop Loss: 2432 Target: 2600
Bitcoin: Long positions around 104500-103600 Stop Loss: 102500 Target: 106000-107000
The above is my personal early morning market analysis, specific points and changes are subject to real-time guidance $ETH