6.11 Ethereum Evening Market Analysis and Operation Ideas

Ethereum has been in a narrow range of fluctuations and adjustments at night. From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator are still in a state of short-selling, but the BOLL technical indicator track has not continued to fall with the short-selling volume. At the same time, the MA5-day moving average and the MA10-day moving average continue to press down. The current price of Ethereum is also below the MA30-day moving average, but the MA30-day moving average continues to strengthen, which shows that the indicator does not want to fall. At the same time, the weekly Bitcoin and Ethereum are both strong, and the monthly MA5-day moving average is on an upward trend.

From the perspective of 4-hour technical indicators, KDJ technical indicators and MACD technical indicators are rising in a bullish resonance, and the ultra-short-term BOLL technical indicators are running in the middle track area. From the perspective of the daily and short-term lines, the 3500-3446 area is the bottom support of the market. If it breaks below, it means that the monthly trend will close negative and go short at the same time, and the large level will also lead to a change in the market. Therefore, the operation ideas in the evening and early morning are recommended to focus on retracement and long positions.

Ethereum: 3520-3485 area near the long position stop loss: 3453 target: 3600-3660

Bitcoin: 66900-66500 area near the long position stop loss: 65800 target: 67600-68500#BTC #ETH $ETH