5.31 Ethereum midday market analysis and operation ideas

This morning, the Ethereum price reached 3830 and then began to fall. The current price is running near 3740. From the perspective of daily technical indicators, the three lines of KDJ technical indicators continue to fluctuate and flatten, the MACD technical indicator is in a shrinking state, and the BOLL technical indicator is running in the middle track area and has not linked the longs to increase the volume. The MA5-day moving average and the MA10-day moving average continue to press down, and the current price is running below the MA5-day moving average. Although the MA5-day moving average is pressed down, the low point MA30-day moving average continues to strengthen.

From the perspective of 4-hour technical indicators, KDJ technical indicators and MACD technical indicators are both in a state of long-term shrinkage, and the ultra-short-term BOLL technical indicator is running in the lower track area, but it has not linked the short position to continue to increase. Ethereum is currently in the red TD2 down signal. From the overall trend line, the ultra-short-term downtrend is just to repair the gap caused by the weekly technical indicators. Therefore, the operation strategy for today's noon is mainly based on rebound shorting.

Ethereum: Shorting near 3755-3785, stop loss: 3823, target: 3700-3670

Bitcoin: Shorting near 68500-68800, stop loss: 69300, target: 67800-67000#ETH #BTC $ETH