Crypto Circle Academician: On July 27, the Ethereum "unprecedented surge" may be a "flash in the pan"! Latest market analysis and operational advice reference
Ethereum current price 3723, it is currently 2:20 AM Beijing time. This wave of upward movement was expected, and when it retraced to the Fibonacci level, I reminded everyone that the 0.786 position is very critical, just as critical as 618. Therefore, after reaching 3525, testing positions upwards around 3750 without being greedy is sufficient. After the main force stretches past 3750, as long as it does not break the previous high of 3860, it can attempt to go south a few more times. Do not have a gambling mentality, always fantasizing about buying at the best position; this is unrealistic, and one must learn to test positions.
The daily K-line before publication reached a maximum of 3784 and a minimum of 3694. The EMA15 trend fast line support has reached around 3500, and MACD shows a top divergence with reduced volume going down. DIF and DEA are still contracting at a high level, and the bulls have no volume; this wave has stretched to 3780, and there is a high probability that the main force will offload. Therefore, one can attempt to go south to test positions. The Bollinger Bands are expanding, and the K-line is consolidating; the upper track continues to stretch and has already broken 4100, while the middle track has reached 3300. Currently, at the 3700 position, there is major pressure and support with a 400-point space. I chose to go south to test positions; if wrong, I will admit the mistake and not hold onto losing positions.
The four-hour K-line has already stretched to the trend line convergence point at the 3700 mark. MACD's volume increase has prevented DIF and DEA from falling below the zero axis, forming a short-term golden cross, and it still has not deviated from the volume indicators. The upper track of the Bollinger Bands is at 3787, which is an effective resistance; one can go south and pay attention to the middle band at 3676 and the lower band at 3565. After reaching these positions, one can gradually exit to lock in profits. As for whether to exit completely, wait for the market to reach that point and refer to my latest posts for guidance.
Short-term reference: Safety first. Remember that the market is never 100%, so be sure to set stop-losses. Safety first; small losses with big gains are the goal.
Going south test position 3700 to 3750, with a defense at 3800, stop-loss at 50 points, target looking at 3640 to 3600, breaking below looking at 3550 to 3500.
Going north test position 3570 to 3530, with a defense at 3490, stop-loss at 50 points, target looking at 3600 to 3650, breaking below looking at 3700 to 3785.
Specific operations should be based on real-time market data. For more detailed information, you can consult the author. The publication of the article has a delay; suggestions are for reference only, and risk is self-borne. $ETH