Eth

Daily Level

We believe that the primary task of yesterday's and today's prices is to delay the golden cross action of the MACD. Based on the current situation, this action has been achieved. Task completed, basically finished. However, the golden cross of the MACD at the daily level seems inevitable. Although it is possible to decline today and continue to decline tomorrow, directly turning the MACD's convergence into the MACD's duck mouth, the possibility is very low. The reason is that the daily level of Ethereum has been eroding the MA60 for many days without any obvious signs of successful erosion.

So in summary, we believe that there will not be significant directional changes in Ethereum over the next two days, but rather it will continue to consolidate in this range. We think the likelihood of reaching a higher point in the next two days is greater, but around July 2nd or 3rd, according to the daily level peak structure, it is believed that there is a high probability of initiating a new downward movement.