ETH: The monthly golden cross has been completed, and the general direction continues to be bullish

Ethereum ended November with a beautiful positive line, which finally confirmed the formation of the golden cross of the monthly MACD, and there are already signs of breaking through the 0 axis. From the perspective of trading volume, the three consecutive positives on the monthly line (not counting this month) are also accompanied by a gradual increase in trading volume, which is a relatively healthy upward trend with volume, which makes the next market more imaginable. Space.

Judging from the trend of small levels, the price has been fluctuating in the range of 1904-2137 for more than 20 days. Within the shock range, the shorter-term market is oscillating upward along the blue line. Since November, ETH has been blocked above $2,100 three times in a row. This is the fourth time it has touched this area. If it is pushed back again, first see whether the support of the blue line continues to be effective. If it falls below the blue line, it means that this If the short-term volatile rising market ends, the price may continue to test support at the lower edge of the volatile range.

Although the 1-hour OBV data is climbing, it still shows a significant decline compared with the previous data. If the short-term price breaks through to a new high for the year, but the OBV fails to keep up, you still need to beware of the possibility of a false breakthrough.

At present, the last hurdle for ETH is the monthly MA30 moving average, with the price at $2,221. Only after it completely reaches this moving average, ETH is expected to open up further room for growth.

operate

Long orders near 2020 2080 have been closed and profits taken;

It is not recommended to continue to hold short orders near 2100;

Place a long order at the limit price of 1900 to see if there is a chance to receive it.