Recently, the fluctuations in ETH's market have been quite concerning for everyone. Today, let's talk about the latest trend of 7.24 ETH.
From a technical analysis perspective, let's first look at the daily chart. The short-term and medium-term moving averages are intertwined, indicating that neither the bulls nor the bears currently have a decisive advantage, and both sides are testing each other. In the MACD indicator, the fast and slow lines are above the zero axis; however, the histogram is shortening, which means the strength of the bulls is gradually weakening, and there is a need for a correction.
Now, let's take a look at the four-hour chart. The price is in a state of fluctuation, and the Bollinger Bands are tightening, indicating that the market is choosing a direction. If the price can strongly break through the upper Bollinger Band, the upward trend is likely to continue; but if it falls below the lower band, it may start a new round of decline.
Considering the current situation, here’s an operational plan. You might consider shorting around 3640 - 3620, with a target below looking towards 3570 - 3548. Be sure to set a stop loss, for example, above 3660, to prevent a sudden market reversal that could trap you. However, the cryptocurrency market changes very quickly, so everyone needs to keep an eye on real-time trends, flexibly adjust strategies, and protect their capital and profits. #ETH走势分析
From a technical analysis perspective, let's first look at the daily chart. The short-term and medium-term moving averages are intertwined, indicating that neither the bulls nor the bears currently have a decisive advantage, and both sides are testing each other. In the MACD indicator, the fast and slow lines are above the zero axis; however, the histogram is shortening, which means the strength of the bulls is gradually weakening, and there is a need for a correction.
Now, let's take a look at the four-hour chart. The price is in a state of fluctuation, and the Bollinger Bands are tightening, indicating that the market is choosing a direction. If the price can strongly break through the upper Bollinger Band, the upward trend is likely to continue; but if it falls below the lower band, it may start a new round of decline.
Considering the current situation, here’s an operational plan. You might consider shorting around 3640 - 3620, with a target below looking towards 3570 - 3548. Be sure to set a stop loss, for example, above 3660, to prevent a sudden market reversal that could trap you. However, the cryptocurrency market changes very quickly, so everyone needs to keep an eye on real-time trends, flexibly adjust strategies, and protect their capital and profits. #ETH走势分析
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ETH
3,835.12
+2.35%