7.9 Ethereum midday market analysis and operation ideas

In the early morning of today, the price of Ethereum once again rose from around 2900 to above 3000, and at the same time touched the high pressure level to retrace. From the perspective of the daily technical indicators, the technical gap still exists, but the BOLL technical indicator track has not shown obvious signs of opening downward. From a technical point of view, as long as the BOLL technical indicator track fails to fall downward, even if the KDJ technical indicator shorts increase the volume, the downward space will be limited. At the same time, the MA5-day moving average and the MA10-day moving average cross downward, but the high point MA30-day moving average continues to strengthen. Therefore, from the perspective of the daily line, the price of the currency is likely to rebound to above the daily MA30-day moving average

From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are in a state of short-term shrinkage. At present, the price of Ethereum has stood above the MA5-day moving average and is in a state of green TD1 bullish volume. At the same time, the ultra-short-term price MA5-day moving average and MA10-day moving average are in a state of slight upward fluctuation. Therefore, the operation strategy for today's noon and evening is recommended to focus on retracement and long positions.

Ethereum: Long positions near 3055-3015, stop loss: 2967, target: 3100-3150

Bitcoin: Long positions near 57000-56500, stop loss: 55800, target: 57800-58600#BTC #ETH $ETH