$ETH 24-hour trend [down]

[Buy and sell points]

Buy point 1: 2900 USDT (close to the previous low of 2800, and RSI is close to the oversold zone, there is a rebound demand)

Buy point 2: 2850 USDT (closer to the previous low support level, while taking into account the psychological support of the integer level)

Long stop loss point: 2825 USDT (slightly lower than the previous low of 2800, to prevent false breakthroughs)

Sell point 1: 3100 USDT (EMA7 moving average near 3130.37, may form short-term pressure)

Sell point 2: 3200 USDT (close to the previous high area, there is a large selling pressure)

Short stop loss point: 3250 USDT (slightly higher than the previous high area, to prevent false breakthroughs)

[Price trend analysis]

K-line pattern:

The recent price has shown a fluctuating downward trend, especially the continuous negative lines since July 4, indicating that the market has a large selling pressure. A long lower shadow appeared on July 5, indicating that there was some buying support near 2800, but the subsequent rebound was weak.

Technical indicators:

MACD: Both DIF and DEA are negative and continue to decline, and the MACD histogram is also in the negative area, indicating that the short-selling force is dominant. RSI: The current value of RSI14 is 29.24, close to the oversold range, and there may be a technical rebound demand in the short term. EMA: The current price is below EMA7 (3130.37) and EMA30 (3365.58), indicating that the short-term and medium-term trend is bearish; EMA120 (3295.99) is also above, further confirming the weakness of the long-term trend.

Trading volume:

The trading volume on July 5 was significantly enlarged to 5753070, accompanied by large price fluctuations, showing a fierce competition between the long and short sides. The trading volume fell back in the following days, but it remained relatively high, indicating that market sentiment is still active. #币安合约锦标赛