Market Review and Technical Analysis
Yesterday's performance
The short order of Ethereum 3090 that was placed yesterday successfully stopped profit of more than 50 points. Congratulations to all the friends who followed the orders in actual combat!
Daily Line Analysis
Trend analysis: On the daily chart, Ethereum shows certain signs of stopping the decline, and bullish power begins to emerge.
Key points: Pay attention to the integer level of support below 3020-3000 and the suppression range of 3120-3150 above.
Four-hour analysis
Bollinger Bands: On the four-hour chart, the price shows signs of testing the support of the Bollinger middle band.
Long and short forces: Whether the short-term bullish trend can continue depends on the support strength of the integer level. If the support fails, the target will be 2850.
One hour analysis
Bollinger Bands: On the one-hour chart, the Bollinger Bands are severely closed, showing signs of opening down.
Key points: In the short term, focus on the support level of 3020-3000 and the resistance level of 3120-3150.
Recommendations
Comprehensive analysis
Ethereum daily chart shows some signs of stopping the decline, but in the short term, we still need to pay attention to the key support and suppression range. In terms of operation, it is recommended to mainly short on a steady rebound.
Specific strategies
Short on rebound
Entry point: When the price rebounds to the 3120-3150 range, arrange a short order.
Stop loss point: set above 3180.
Target point: The first target is 3050, and if it continues to fall, it can look to 3000.
Key support long
Entry point: When the price falls back to the 3020-3000 range, consider short-term longs.
Stop loss point: set below 2950.
Target point: The first target is 3100, and if it continues to rise, it can reach 3150.
To sum up, Ethereum has certain signs of stopping the decline during the day, but we still need to pay attention to the key support and suppression range in the short term. In terms of operations, it is recommended to focus on steady rebound and short selling, pay close attention to the changes in key support and pressure levels, flexibly adjust strategies, and ensure the stability and security of transactions.