ETH daily K-line has closed negative for two consecutive days, and the EMA trend indicator is still spreading upward, which is in the mid-term stage.
The fast line support of EMA15 has reached 2920, and it is expected to reach 2950 soon.
The MACD volume has weakened, and the daily K-line has returned to the Bollinger Band channel. Pay attention to the upper rail pressure level of 3370, and the middle rail support is far away at 2740.
The KDJ indicator is shrinking downward, the overbought state has gradually entered the balance zone, the market fluctuates greatly, and it is still a shock consolidation pattern in the short term, and the fluctuation range may exceed 100 points.
**Four-hour K-line** forms a pregnant line pattern, and continues to step back on the support level of EMA30 at 3150.
It should be noted that the support level may be broken if it does not receive effective support for a long time, so the next key support level is near EMA60, which is close to the integer mark of 3000.
The MACD indicator shows a top divergence, the volume is weakened, and DIF and DEA are rapidly approaching the 0 axis. The Bollinger Bands are shrinking, and the price range is narrowing. The current upper rail pressure level is 3380, and the lower rail support level is 3095.
If the box is not broken, you can operate back and forth; if it is broken, you need to stop loss and exit.
Short-term operation suggestions:
Upper operation: 3300 to 3350 can try short orders, the defense position is set at 3400, the stop loss is 50 points, the target is 3250 to 3200, if it breaks, look down to 3150 and 3100.
Lower operation: 3050 to 3100 can try long orders, the defense position is set at 3000, the stop loss is 50 points, the target is 3200 to 3250, if it breaks, look up to 3300 to 3350.
Risk warning: The market fluctuates greatly, and stop loss must be strictly set during operation to ensure that the risk is controllable.
