7.3 Ethereum early morning market analysis and operation ideas

After Ethereum rose from the bulls to 3463 in the evening, it quickly fell under pressure and did not touch the upper pressure level of 3480. Instead, it continued to fall. From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator continued to be in a state of long shrinkage, and the BOLL technical indicator continued to suppress downward. At the same time, the rebound strength of the bulls at noon today did not break through the 3480 area, resulting in the rebound strength not stabilizing in the middle track area. From the side, it shows that the pressure of the bears is indeed very strong, so the operation idea in the early morning is recommended to focus on rebound shorting

From the perspective of Ethereum's 4-hour technical indicators, the KDJ technical indicator and the MACD technical indicator both showed a state of long shrinkage, and the BOLL technical indicator was in a continuous downward state. At the same time, the ultra-short MA10-day moving average and the MA30-day moving average had a linkage sentiment with the bears. At present, the price of Ethereum has fallen below the MA5-day moving average and a red TD1 decline signal has appeared. Therefore, the operation suggestion in the early morning is mainly rebound shorting.

Ethereum: Short position around 3425-3455, stop loss: 3483, target: 3370-3320

Bitcoin: Short position around 61900-62300, stop loss: 62800, target: 61000-60800#BTC #ETH $ETH