Li Shengting: 6.3 Ethereum Afternoon Market Analysis and Trading Ideas

Reviewing yesterday's open trading idea for Ethereum around 2475, the current target position has reached the 2600 line. Tonight, the lowest price fell to around 2473, hitting our entry point at 2475. Currently, the price has reached 2600, successfully achieving a 125-point gain, while Bitcoin has gained 1500 points. Congratulations to those who followed the operation.

From the daily technical indicators of Ethereum, the KDJ and MACD indicators are in a bullish phase, with the BOLL indicator moving upwards. The RSI indicator is experiencing oscillation at a high level of 80, while the MA5 and MA10 moving averages are under pressure. However, the high MA30 moving average continues to exert downward pressure, indicating that there is significant selling pressure above. Nonetheless, the VOL indicator shows a noticeable increase in trading volume compared to yesterday, and buy orders at the bottom are also increasing. From the daily perspective, I personally believe that the price will likely continue to oscillate upwards in the afternoon and evening.

From the 4-hour technical indicators, the KDJ and MACD indicators show signs of reduced bullish momentum. Although the short-term BOLL indicator is operating in the middle band area, the price is closely following the middle band, indicating certain pressure for short-term upward movement. The short-term MA three-day moving averages are all arranged in a bullish pattern, and the DIF and DEA indicators are strengthening together. Overall, considering both the daily and short-term perspectives, I believe there will be a round of correction before continuing to increase in volume. The trading suggestion for the afternoon and evening is to accumulate long positions gradually during pullbacks for a more stable approach.

The above is my personal afternoon market analysis. Specific points and directional changes are subject to real-time guidance: $ETH , , $BTC ,