Midday market analysis - $ETH
The current reference period is daily K. The 2870 area mentioned in the morning has arrived, but from the real-time market, the lower shadow line has reached 2810, which is almost the same as the lower shadow line on the left, so the support will be moved down from the 2870 area to the 2810 area.
From the indicator point of view, it has not completely entered the overbought stage, and it should touch the 2810 area again, which is also the TP1 for reducing short positions and taking profits. If the price continues to fall below, the next TP2 is in the 2389 area, but the possibility of reaching it at one time should be small. It is better to reduce positions in the 2810 area.