12.8 Cryptocurrency Mr. Coin: Ethereum (ETH) Market Analysis Reference

Ethereum broke through the previous resistance level during yesterday's session, with the price expectedly rising to around 4000, reaching near 4092 under pressure. The current price has retraced to around 4000. The trend has not broken again,

The bullish momentum on the 4-hour cycle is weakening but still remains above the zero axis; the daily MACD continues to strengthen, with a clear bullish trend. In the short term, there may be retracement pressure, but overall it remains in a strong area. EMA: The current price is above EMA7, and the short-term trend is still upward; EMA30 and EMA120 show a bullish arrangement, supporting a bullish outlook in the medium to long term. In the short 4-hour cycle, the trend has consecutive bullish candles, with strong bullish sentiment, the mid-track support is at the 3930 line, as long as the daily retracement does not break below this, the short-term upward trend remains unchanged. Everyone should set their stop-loss appropriately and follow the trend to go long. Currently, the support level to pay attention to is the 3900-3930 area.

12.8 Ethereum Short-term Reference:

Short Position: Short at 4150-4180, defend at 4250, stop-loss: 4280, target below 3980,

Long Position: Pay attention to the 3950-3900 range, stop-loss 50 points, target above 3980,

The sending of signals has delays, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the confidence in market judgment is, always set stop-loss and take-profit to secure gains.

12.8 Bitcoin Short-term Reference:

Short Position: Short at 102500-103000, defend at 104000, stop-loss 104500, target around 101000,

Long Position: Long at 99000-98500, defend at 97500, target around 100300, stop-loss 500, #ETH🔥🔥🔥🔥 #ENA突破1美元 #币安将上市ACX、ORCA