Ethereum's recent K-line shows that the price fell from a high of 3652.8 to 3208.75, and then rebounded. In the latest few hours, the price fluctuations are small, long and short entities appear alternately, and there is no obvious continuity. The K line in the last hour is a small negative line with an upper shadow line and a lower shadow line, indicating that the strength of the long and short parties is relative. balance.
Technical indicators: In the MACD indicator, DIF and DEA are both below the zero axis, and DIF is above DEA. The MACD histogram shows a positive value, which may indicate that the trend is improving in the short term. In the KDJ indicator, the J value is greater than K value and D value, but all three are below 50, indicating that the current market momentum is not strong and there may be shocks or sideways consolidation.
In the EMA indicator, EMA(7) is lower than EMA(30), indicating that the short-term trend is still bearish, but the gap is narrowing, and we need to pay attention to whether a golden cross will occur. Trading volume: Trading volume amplified during the price decline, especially reaching the peak at 00:00 on April 2. Although it has declined since then, it still remains at a high level. Trading volume has gradually decreased in recent hours, in line with the characteristics of increased wait-and-see sentiment in the market after prices stabilized.
[News Interpretation] News shows that the ETH/USDT perpetual contract has a user liquidation of US$1.61 million in long positions on the OKX platform, and the liquidation price is US$3,258.98. This suggests that the market may be facing short-term selling pressure, and community sentiment may be negatively affected as a result.
The current ETH price is slightly lower than the liquidation price, suggesting potential downside risks. Bearish today. 🚀qun+v:zmy181816👈Short-term investors should carefully consider risk management, while long-term investors can seek buying opportunities at lower prices if they believe the fundamentals are solid.
【Buy and sell point】
Buying point 1: 3270 USDT (Considering that the gap between EMA(7) and EMA(30) is narrowing, if the price can stabilize above this level, it may indicate a turn for the better in the short term)
Buying point two: 3220 USDT (there is support near the recent lowest price of 3208.75, leaving a certain amount of space to absorb potential downward rebound opportunities)
Long stop loss: 3190 USDT (below the recent low, providing enough room to avoid triggering stop loss due to small fluctuations)
Selling point one: 3300 USDT (The J value in the current MACDI value and KDJ indicator is higher than the K and D values, indicating that it can be considered as an initial profit area during a short-term rebound)
Sell point 2: 3350 USDT (close to EMA (30), long-term moving average is often used as a strong resistance level, suitable as a further profit target)
Short stop loss point: 3380 USDT (exceeding sell point 2 and leaving a certain amount of space to reduce the risk of short positions being mistakenly hit by a small market rise)
