9.26 Ethereum midday market analysis and operation ideas
After the Ethereum price fell to around 2554 in the early morning of today, it rebounded and the shorts did not continue to link and increase the volume, indicating that there are strong buy orders at the bottom. The decline in the early morning of today also repaired part of the MA5 daily moving average gap. From the perspective of daily technical indicators, the three lines of the KDJ technical indicator turned upward, the MACD technical indicator was in a long position and slowly increased the volume, and the BOLL technical indicator was in the upper track area. The MA5 daily moving average was in a continuous upward posture, and today's MA30 daily moving average was linked with the longs. Therefore, the overall decline yesterday was likely to be a round of wash-out, and then rise after confirming the bottom.
From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are bullish and slowly increasing in volume. The MA three-day moving average is still rising in different degrees. The MA5-day moving average and the MA10-day moving average are still rising. Overall, the decline in the early morning did not touch the support line below. On the contrary, the coin price pulled back this morning. Overall, the coin price is likely to test the upper strong pressure area around 2757-2831, so the coin price today is likely to fluctuate upward to test the upper strong pressure.
Ethereum: Long position near 2615-2585, stop loss: 2553, target: 2665-2700
Bitcoin: Long position near 63600-63000, stop loss: 62300, target: 64000-64800$ETH #BTC #ETH