Crypto Circle Academician: 6.25 Ethereum High-Frequency Volatility, Abandon Short-Term Support, Only Focus on Key Strong Points! Latest Market Analysis and Reference Suggestions
Current price of Ethereum is 2450, it is now 1:30 AM Beijing time. As usual, let’s review first. Yesterday, at 2300, I exited part near 2210, and the remaining was swept out by the main force at 2350. A risk of 40 points was exchanged for nearly 100 points of space. There are many details that need optimization. In addition, the market has been swaying back and forth due to news influence in recent days, and the key trend support and pressure levels are virtually non-existent. It is best for crypto friends not to enter the market casually, and to choose stop-loss points that are not too far away. The goal is to make small losses and big profits, avoiding a complete loss of chips in hand.
Before the article was published, the daily candlestick chart showed a maximum of 2481 and a minimum of 2374. The high point touched the top pressure level of the EAM trend line. Coupled with the contraction of trend indicators, there is a high probability that the market will enter a sideways trend, unable to rise or fall. This is because the current price has reached above the golden ratio line of 0.382, which is commonly referred to as 2425. The trend indicator is also contracting at this position. The MACD volume is decreasing, and as the DIF and DEA just fell below the 0 axis, a contraction market has emerged. The Bollinger Bands are opening, with the candlestick moving from the lower track of 2240 upward to challenge the middle track pressure level of 2520.
The four-hour candlestick has broken the downward trend line and is hindered by the resistance level of the upward trend line at 2530. It is currently testing upwards. The short-term EMA trend indicator shows a contraction of bullish trends, the MACD continues to increase in volume, and the DIF and DEA are pushing upwards towards the 0 axis. The candlestick is now below the upper track resistance level of the Bollinger Bands at 2490. Additionally, the short-term level has entered an extremely overbought market, indicating a need for market correction. Although the space is limited, there is clear support below, but from an overall perspective, there is still some space of a few hundred points that can be seized.
Short-term Reference: Safety first. Remember that the market is never 100% certain, so always have good stop-loss measures. Safety first, small losses, and big profits are the goal.
For the southward test position, if 2480 to 2500 does not break, defend at 2530, stop-loss at 30 points, target at 2450 to 2400, and if broken, look at 2380 to 2350.
For the northward test position, if 2490 to 2520 breaks, stop-loss at 30 points, target at 2550 to 2580, and if broken, look at 2600 to 2630.
Specific operations should be based on real-time data from the market. For more information, please consult the author. There may be delays in article publication; suggestions are for reference only and risks are to be borne by oneself. $ETH