10.16 Ethereum market analysis and operation suggestions
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Ethereum also experienced a thrilling market in the evening. Its price first soared all the way, reaching a high of 2688, and then took a sharp turn and fell to a low of around 25590. Although the price fluctuated sharply in the short term, from the overall trend, the bulls still dominated. As the fluctuations in the currency price gradually subsided, the market seemed to be returning to rationality, and technical structural support began to emerge. Although there was a rapid drop in the evening, it quickly recovered the lost ground and stood firm on the weekly middle track. This indicates that the upper space has been opened, and the price of Ethereum is expected to break through the 3000 mark in the near future. Ethereum gave a suggestion yesterday to go short at 2721-2690, defend 2830 to cover, and target 2630. Perfect stop profit. For short-term operations, although the price of the currency has entered a consolidation phase after a high rise, as long as there is a chance of a pullback, it is still a good time to go long. For short-term operations, first go short at 2600-2630 and target 2580. The long position will be reminded in the real market.
—The above article is written by Li Hong Trend. The article is only a personal opinion. The positions of various platforms are inconsistent. Click the avatar to connect with the author for daily real-time market conditions. The above analysis content only represents the author's personal opinion and does not constitute a specific operation. The article has a lag. If you operate based on this, you will be responsible for your own profits and losses. Investment is risky and you need to be cautious when entering the market.
