ETH
Moving Average (MA):
The 5-day moving average is at 2691.52, and the current price is slightly below the 5-day moving average, indicating that the market may continue to be under pressure in the short term.
The 10-day moving average is at 2643.21, and the price is above the 10-day moving average, indicating that there may be some support near this position.
30-day moving averagefor2601.06, which is far away from the current price and will have little impact on the price in the short term.
Bollinger Bands:
The middle track of the Bollinger Band is at 2685.64, and the current price is just close to the middle track. The market may consolidate around this point.
The upper Bollinger Band is at 2755.34, and the lower Bollinger Band is at 2531.07. The opening of the Bollinger Band shows that the market has a large room for fluctuations. Investors need to pay attention to the possible touch points of the upper and lower bands.
CCI（Commodity Channel Index）：
The CCI indicator is currently 71.64, which is in a relatively high area, indicating that market sentiment is relatively positive, but we need to be wary of possible pullback pressure.
Volume:
Yesterday's trading volume increased, but there was no extreme buying or selling sentiment, indicating that the current market sentiment is relatively neutral. We need to pay attention to the changes in trading volume in the future to confirm the market direction.
Yesterday's review and today's forecast
Yesterday, the ETH price encountered resistance near 2700 points and failed to break through effectively, and the price finally fell back to around 2685. It is expected that the market will continue to fluctuate and consolidate in the range of 2650 to 2750 today.
Today's operation suggestions
Based on current technical analysis, here are today's operational recommendations and key points:
First support level: 2650 (key support in the short term, if the price is supported here, it may rebound)
Second support level: 2600 (if it falls below this support level, the price may fall further to around 2580 points)
First resistance level: 2720 (important resistance in the short term. If this resistance can be broken, the price is expected to rise further)
Second resistance level: 2750 (if this resistance level is broken, the price may rise to around 2800, the upper rail of the Bollinger Band)
Stop loss: 2600 (if the price falls below this level, it indicates that the decline may intensify and it is necessary to stop loss in time to control the risk)
Today's operation strategy
Short strategy: If the price fails to break through 2720 and continues to fall, consider shorting with a light position, with the target at 2650 and the stop loss at 2730.
Long strategy: If the price can break through 2720 and stabilize above it, you can consider going long with a light position, with the target at 2750 and the stop loss at 2680.
Overall, ETH may fluctuate and consolidate in the range of 2650 to 2720 today. If market sentiment improves, the price is expected to break through 2720 and further test 2750, but in the absence of a significant increase in trading volume, it is still necessary to be cautious in dealing with possible repeated market fluctuations. Investors are advised to pay close attention to key support and resistance levels, flexibly adjust operating strategies, and ensure that risk control is in place.
Direction suggestion: It is recommended to maintain a cautious wait-and-see attitude today and wait for the market to give a clear direction signal. If the market breaks through 2720, you can consider following up with long orders with a light position, but you should note that the upper resistance may be strong and it is not advisable to chase high excessively.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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