$ETH [ETH Today's Analysis] 6/28

Generally, the market analysis is mainly based on BTC, but the recent ETH callback is relatively large. Let's analyze ETH

The weekly chart shows that the K column has returned to the top of MA20, MA20 temporarily forms support, and MA7 and MA10 are still golden crosses.

The daily MA crosses, but MA7 and MA10 have broken. The market is under pressure at 3500 under MA20 and has not broken through. The EMA track is pressed down and becomes horizontal. It can be seen that the support below is very strong.

The 12-hour chart MA7 and MA10 are golden crosses, but MA20 forms pressure at 3450. Although the market has broken through MA20 in the past two days but has not stood, MA20 has changed from moving down to a horizontal upward pattern. The EMA market breaks through EMA144 and EMA169 and stands at the EMA144 support at 3440 points, and the EMA12 track starts to rise from the decline and breaks through EMA144. Overall, the market is going to rise.

The 4-hour chart shows that the three-line MA crosses, EMA144 presses 3510, and the EMA trajectory moves up. Comprehensive analysis shows that the overall market is bullish.

Summary: From the daily MA20 and 4-hour EMA, the 3500-3510 range is very stressful, and the 3450-3500 range fluctuates in a short period of time. In the end, the market breaks through the 3500 pressure level.