6.25 Ethereum midday market analysis and operation ideas

Ethereum's price failed to effectively break through the support level of 3200 in the early morning of today. Then the price of the currency rose to the area near 3393 in the afternoon and fluctuated in a narrow range. From the perspective of daily technical indicators, KDJ technical indicators and MACD technical indicators are still in the stage of short-term resonance decline, and the bulls are currently shrinking. The price of the currency rebounded to the middle track area of ​​the BOLL technical indicator, but it is still shrinking. The MA5-day moving average and the MA10-day moving average are still crossing downward and continue to press down. The decline of the high point MA30-day moving average is still relatively strong. Therefore, from the overall perspective of daily technical indicators, this round of downward trend has not completely ended.

From the perspective of 4-hour technical indicators, KDJ technical indicators and MACD technical indicators are in a state of long-term shrinkage, the entire track of the ultra-short-term BOLL technical indicator continues to weaken, and the DIF and DEA technical indicators are working together to suppress. At the same time, the pressure above the ultra-short-term line is relatively strong from the perspective of the midday bull rebound, so the midday operation idea remains unchanged, and it is recommended to still focus on rebound shorting.

Ethereum: Shorting near the 3365-3400 line, stop loss: 3457, target: 3300-3260

Bitcoin: Shorting near the 60800-61300 line, stop loss: 61800, target: 60000-59600#BTC #ETH $ETH