5.30 Ethereum early morning market analysis and operation ideas

Ethereum rebounded to around 3840 this evening and then began to fluctuate and fall. From the perspective of daily technical indicators, there is basically no change. The KDJ technical indicator and MACD technical indicator are still in a shrinking state, but the currency price is currently below the MA5 daily average line and continues to be suppressed. From the current point of view, the technical repair brought by the weekly line has been advanced, so the operation ideas in the early morning will be adjusted.

From the 4-hour technical indicators, the three lines of KDJ technical indicators turned downward, the MACD technical indicator was in a state of long shrinkage, the BOLL technical indicator was in a state of oscillation, the high MA30-day moving average continued to press down, and the technical gap between the ultra-short MA5-day moving average and the MA10-day moving average still existed. At present, the weekly technical indicators have begun to repair technical retracements, so the operation strategy in the early morning is recommended to focus on high altitude

Ethereum: short near the 3770-3805 line, stop loss: 3863, target: 3720-3680

Bitcoin: short near the 67500-67800 line, stop loss: 68300, target: 66800-66300#BTC #ETH $ETH