[ETH] Clinton Daily Analysis June 3

24-hour trend [Sideways]

[Buy and sell points]

Buy point 1: 3700 USDT (near the recent low, integer level support)

Buy point 2: 3600 USDT (lower edge of the previous oscillation range, further support)

Long stop loss point: 3550 USDT (50 USDT below buy point 2, to prevent breaking important support)

Sell point 1: 3900 USDT (near the recent high, integer level pressure)

Sell point 2: 4000 USDT (psychological integer level, strong resistance)

Short stop loss point: 4050 USDT (50 USDT above sell point 2, to prevent breaking through key resistance)

[Price trend analysis]

K-line pattern:

Recently, the price fluctuated in the range of 3700 to 3900, forming a pattern of oscillation and consolidation. A large positive line appeared on May 20, 2024, and tested above 3800 several times in the following days, but failed to break through effectively.

Technical indicators:

MACD: Both DIF and DEA are positive, and the MACD histogram shows a gradually weakening trend, indicating that the upward momentum has weakened. RSI: RSI14 is currently at 63.53, close to the overbought area, but has not yet entered the extreme overbought state. It is necessary to pay attention to whether it will continue to rise or pull back. EMA: The current price is above EMA7 (3777.78), but it is far away from EMA30 (3523.32) and EMA120 (3188.78). There is still support in the short term, but it is necessary to be vigilant about adjustment risks in the medium and long term.

Trading volume:

The recent trading volume has decreased compared with the previous period, especially the trading volume in early June was significantly lower than that at the end of May, indicating a decrease in market participation. The trading volume increased significantly from May 24 to May 28, accompanied by violent price fluctuations, and there may be capital inflow or outflow. #美国4月核心PCE指标显示通胀放缓