6.12 Ethereum midday market analysis and operation ideas

Ethereum fell to the lowest point of 3427 in the early morning today, but the price did not stabilize below. From the perspective of TD technical indicators, the key support of Ethereum's current low is 3450, and Bitcoin is at 66000. This area is a rotation of long and short positions. If it fails to break through, it must not be rashly chasing shorts. Therefore, according to the technical aspect, the most stable approach is still to retreat and do more.

From the perspective of Ethereum's daily technical indicators, the KDJ technical indicator and the MACD technical indicator are in the stage of continued short-selling, and the BOLL technical indicator is in a small downward opening. From an experience point of view, this is due to the forced control of the market. According to the normal market smashing, there must be a large opening below and the short-selling is linked to increase the volume, so the decline in the early morning is likely to be caused by institutional shipments.

From the perspective of 4-hour technical indicators, both KDJ and MACD technical indicators are in a state of short-term shrinkage. At the same time, the ultra-short-term BOLL technical indicator is in a strong state. At present, both Bitcoin and Ethereum have green TD bullish rebound signals. From the perspective of ultra-short-term and daily lines, the currency price today is likely to bottom out and rebound. If the currency price stabilizes above 3600 again, then this round of market smashing also means the end

Ethereum: 3525-3480 area split long stop loss: 3440 target: 3580-3630

Bitcoin: 67500-66800 area split long stop loss: 66000 target: 68600-69500#BTC #ETH $ETH