Li Shengting: 6.4 Ethereum Afternoon Market Analysis and Trading Ideas
Ethereum touched the 2640 line again this afternoon, followed by a pressure drop. Currently, the KDJ technical indicator and MACD technical indicator are turning upwards, but the bullish volume continues to decrease. The BOLL technical indicator operates in the middle track area, and the current coin price is closely adhering to the middle track. However, the RIS technical indicator is still in high-level fluctuations and has not continued to link the bullish volume increase. Meanwhile, Ethereum is still constrained by the five-day moving average, indicating a strong selling pressure above. Additionally, the technical gap created by the MA five-day moving average has not been filled. Personally, I believe that the coin price is likely to undergo a technical pullback adjustment in the afternoon and evening.
From the 4-hour technical indicators, the KDJ technical indicator and MACD technical indicator show a downward crossover in the short term, while the BOLL technical indicator operates in the middle track area without linking to bullish volume. The VOL technical indicator shows a decrease in trading volume, and the DIF and DEA technical indicators are pressing down together. Although the bottom MA 30-day moving average is still in a strengthening state, the strong resistance above and the weekly gap have not been filled. I personally expect that Ethereum will still trend sideways towards a downward movement today.
Ethereum: Short position around 2630-2660 Stop loss: 2723 Target: 2550
Bitcoin: Short position around 105500-106300 Stop loss: 107500 Target: 103500
The above is my personal afternoon market analysis, specific points and directional changes are subject to real-time guidance $ETH