7.28 Cryptocurrency Market Analysis by Mr. Coin: Ethereum (ETH)
Ethereum has been performing well recently, with four consecutive daily gains, continuously breaking upward. In the early hours of the day, it broke the previous high again, reaching around 3868 at a high point. The trend is approaching the upper band gap, and overall bullish sentiment is quite strong.
Looking at the short-term hourly chart, the Bollinger Bands are in an opening posture, with prices continuously testing upward in the short term. It has now reached the upper band position, and all moving averages are leaning upward. The MACD indicator shows a golden cross, so it is expected that the short-term upward trend will continue. Additionally, Ethereum's high price has been oscillating recently, so everyone must seize the opportunity to profit in a timely manner to avoid losses. The overall strategy for the day remains to buy on dips, with support levels at 3800 and 3740. Short-term attention should be paid to the breakout and stabilization around the 3900 level. If it can rebound and stabilize, there is a possibility of breaking through 4000.
7.28 Ethereum Short-term Reference:
Short Position Entry Point: Short above 3850, stop loss 30, target 30-60 points,
Long Position Entry Point: Long below 3745, stop loss 30 points, target above 3780,
There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, so regardless of how well one judges the market, it's essential to set take profit and stop loss levels to secure gains. #BTC #ETH #ETH重返3800 #BNB创新高