Li Shengting: 6.2 Ethereum Afternoon Market Analysis and Trading Ideas
From the daily technical indicators of Ethereum, the current coin price has risen above the five-day moving average. At the same time, the coin price is currently fluctuating around the 2500 level in a box-shaped adjustment. The current KDJ technical indicator and MACD technical indicator continue to fluctuate upwards, while the MA five-day moving average and MA ten-day moving average are showing an upward trend. The BOLL technical indicator is continuing to narrow its bands, so it is likely that the coin price may fluctuate around 2500 for adjustment during the day. Additionally, the strengthening trend of the MA thirty-day moving average has not changed. Based on the current daily technical indicators, I personally suggest a gradual accumulation of long positions on pullbacks for more stability.
From the four-hour technical indicators, the KDJ technical indicator and MACD technical indicator are still in a bullish expansion phase. The coin price is closely aligned with the middle band of the BOLL technical indicator. The short-term MA five-day moving average and MA ten-day moving average are both in a phase of fluctuation adjustment. From both the daily and short-term perspectives, I believe that after the fluctuation ends, the coin price will likely continue to fluctuate upwards, with resistance levels above to refer to: around 2713-2763.
Ethereum: Gradually accumulate long positions around 2500-2475; stop loss: 2413; target: 2580-2620.
Bitcoin: Gradually accumulate long positions around 105000-104500; stop loss: 103500; target: 106000-107500.
The above is my personal afternoon market analysis. Specific points and directional changes are subject to real-time guidance: $ETH