7.7 Chen Fei Talks About Coins

The Ethereum market touched around 2600 in the morning, tested the key level and was immediately suppressed, making the bearish trend gradually evident. Technically, the Bollinger Bands are opening downwards, and the market has formed five consecutive bearish candles. The lower bound is gradually moving downwards, the MA moving averages and the middle band are also trending down. The KDJ indicator is opening downwards, and the MACD bearish trend is also increasing. Therefore, it is suggested that everyone can consider short positions after a rebound.

Ethereum (ETH)

Direction: Short

Current Price: 2590～2610

Take Profit: 2530～2500

Stop Loss: 2640

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