Crypto Circle Academician: As of June 30, Ethereum's main force is still choosing a direction! Enduring loneliness is necessary to seize opportunities! Latest market analysis and reference suggestions
Ethereum's current price is 2440, and it is now three o'clock in the morning Beijing time. Last week's market continued to decline. Will it return to around 2500 this week? The probability is quite high. Currently, the K-line is continuously accumulating at the golden ratio line of 0.382, with a lot of concentrated chips at the position of 2525. The main force is also choosing a direction at this position, waiting for the balance between north and south to be disrupted. At this time, many indicator patterns are inducive, and it is recommended to enter rationally with the best safety precautions, prioritizing survival.
The daily K-line has a highest point of 2463 and a lowest point of 2423. The EMA trend top resistance is at 2462, while the bottom support is at the golden ratio line of 2425. The trend indicators are continuously contracting without showing downward alternating bearish momentum or upward bullish trends. The MACD is continuously shrinking, and the DIF and DEA are contracting below the zero axis, indicating that the current bearish trend in the market has the upper hand while the bullish transaction volume is increasing, and that's all. The middle track pressure of the Bollinger Bands is at 2494; if it doesn't break the middle track, the bearish trend will continue. If it breaks, exit with a small loss.
The four-hour K-line is consolidating within the trend indicators. The upper pressure level to focus on is 2455, while the lower support has come down to 2410. The tail trend shows that the MACD is fluctuating in volume. The direction between north and south is unclear, and with the extreme contraction of the Bollinger Bands starting, the upper track pressure has reached 2455, and the lower track support has risen to 2411. The main force is clearly not providing operational space. At this time, guessing the bullish or bearish direction is just a matter of time for retail investors. Personally, I think it is unnecessary. The safest way is to wait until the pressure or support is broken before entering the market.
Short-term reference: Safety first, remember that the market is never 100% certain, so always set good stop-losses. Safety first, small losses and big gains should be the goal.
For southward testing, the entry point is 2455 to 2475 without breaking, with a defense at 2495, stop-loss at 30 points, and targets looking at 2430 to 2410, breaking down to 2400 to 2380.
For northward testing, the entry point is 2410 to 2400 breaking down, with a defense at 2380, stop-loss at 20 points, and targets looking at 2435 to 2455, breaking up to 2475 to 2495.
The specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in the article's publication, and the suggestions are for reference only; risk is self-borne.