Ethereum market analysis: When the opportunity comes, seize the volatility!
At 2 a.m., the current price of Ethereum is about $3,070. The daily K-line peaked at $3,140, and then fell below $3,060. This is just as we predicted before: it fell back to digest, and then rose to break the previous high. The market development is as expected.
Daily Line Analysis
Trend and support: The K-line was blocked at EMA60 ($3130) for two consecutive days and began to pull back. In the short term, pay attention to the EMA15 support point near $3035.
MACD indicator: the increase in funds continues, DIF and DEA are pulling upward at a low level, indicating that the bullish trend is still strong.
KDJ indicator: fell back after being blocked at $3130.
Bollinger Bands: The K-line fell back after being blocked by the upper pressure level. The support point of $3115 needs to be paid attention to below.
Four-hour line level analysis
Wave up: The four-hour K-line fell back after being blocked at $3140, and the current support is at EMA150 (near $3060).
Overall trend: The EMA trend is alternating upward, and it is expected that there will still be opportunities for upward movement after a pullback.
MACD indicator: After falling below the ascending triangle support level of $3,120, it began to decline, and DIF and DEA formed a dead cross and moved downward.
KDJ indicator: downward diffusion has not yet ended.
Bollinger Bands: The middle support of $3,070 has been broken once. We need to wait for clear indicators to appear after testing below $3,060 before entering the market again.
Operational Strategy
Long Strategy
Entry point: Focus on the range of 3030 to 3050 US dollars and start to arrange long orders.
Defensive point: Cover long positions in the range of $2980 to $2970, and set the stop loss at $2940.
Exit target: The initial target is the $3120 to $3140 range. If it breaks through, continue to look at $3220 to $3250.
Short selling strategy
Entry point: Place short orders in the range of $3130 to $3150.
Stop loss point: US$3180. If the previous high is broken, exit with a small loss.
Exit target: Short-term target is between 3070 and 3050 USD. If it breaks, it will reach the 3000 USD mark.
Strategy Note: The $3,000 mark may fluctuate repeatedly. It is recommended to wait and see at this level and wait for clearer entry signals.
Ethereum is currently showing signs of a pullback, but the bullish trend has not changed. We need to pay attention to key support and resistance levels and flexibly adjust our position strategies to cope with market fluctuations. The opportunity is right in front of us. Seek progress while maintaining stability and seize the profit space brought by fluctuations.
The market is unpredictable and opportunities are fleeting. Only by paying close attention to every subtle change and seizing your own opportunities can you remain invincible in the ups and downs of the market. Are you ready today? Let's look forward to the wonderful performance of the market together!
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