Coin Circle Academician: 7.25 Ethereum market data shows that market panic has intensified! Short-term operations need to be cautious! Safety first

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The bullish news has been released, and what is left is a mess. Ethereum has been consolidating at a high level for a long time, and there has been no effective breakout of the pressure level or support point. As of 2:00 a.m. before the release of this article, the daily K-line was at a high of around 3490 and at a low of around 3400. It can be seen that the EMA trend indicator has basically stretched upward to the vicinity of the K-line, and the EMA15 has reached the support of 3390. The KDJ continues to spread downward, and the short trend is relatively obvious. Whether it can fall back to 3300 remains to be verified. Before that, the coin friends who are doing swing trading near 3400 must set a good stop loss. The Bollinger Bands spread, the MACD volume decreases, and the DIF and DEA end the polarization. The four-hour K-line has fallen below the EMA60 support point of 3415, and the KDJ spreads downward. The K-line has also come to the support near the lower track of the Bollinger Bands at 3405. In addition, the MACD ends the top divergence and shrinks downward. The short-term short trend may not be a trap but a vacuum. The overall trend is weak, which does not mean that the market is not good. It will return to around 3500, so you can continue to trade in waves before the box is broken. If it is broken, leave the market and wait for the next opportunity.

Short-term ideas for reference:

Short positions in the upper 3530 to 3550 range, stop loss 30 points, target 3450 to 3400, break to around 3350

Short positions in the upper 3620 to 3640 range, stop loss 30 points, target 3530 to 3500, break to 3450

Long positions in the lower 3400 to 3420, target 3 480 to 3500, pocket, stop loss 3380

3330 to 3300 below, defense 3250 to 3230 to add more, stop loss 30 points, exit around 3400, second target around 3450 to 3500

Suggestions are for reference only, risk at your own risk#ETH #ETH合约 #以太坊合约 #以太坊ETF通过 #以太坊暴涨 $ETH