Li Shengting: 1.8 Ethereum Market Analysis and Trading Ideas in the Early Morning

This evening, the price of Ethereum rebounded to a high of 3387 before quickly declining. From the daily technical indicators, the KDJ and MACD indicators show a death cross and are continuing to weaken. The BOLL indicator is in a downward pressure posture, and the current price has also broken through the middle track area and is moving toward the lower track. The 3-day MA is showing varying degrees of downward arrangement, while the 5-day MA has a significant gap with the price. Therefore, from a broader perspective, it is still recommended to focus on shorting during rebounds.

From the 4-hour technical indicators, the KDJ and MACD indicators are in a resonant downward phase, and Ethereum is currently at TD9. Meanwhile, the BOLL indicator has not opened upward and continues to exert downward pressure, and the hourly rebound strength is too weak. Overall, Ethereum is expected to face a secondary decline, with support levels to watch around 3310-3260.

Ethereum: Short around 3340-3365 Stop Loss: 3414 Target: 3380-3360

The above is a personal market analysis from the early morning, for reference only.