1H chart/ETH
 


Support and resistance levels:

  • Current support level: approximately between 3200 and 3300 points.

  • Current resistance level: approximately between 3500 and 3600 points.

Moving Average (MA):

  • The short-term MAs (5 and 10) show that the price is below these MAs and both are sloping down, indicating that the short-term market sentiment is bearish.

  • The long-term MA (30 days) is also pointing downward, indicating that the overall trend is still relatively weak.

Volume:

  • Volume has increased recently, especially when prices hit near support levels, indicating that market participants are trading more in this area.

  • Volume increased slightly as the price rebounded, but overall it was still not significantly amplified.

Candlestick chart patterns:

  • The recent K-line shows that there is a big game between bulls and bears in the range of 3300 points to 3500 points, and the bulls have certain buying support at low levels.

  • The K-line on June 29 was a small negative line, indicating that market sentiment was still cautious and both bulls and bears were in a stalemate in the current price range.


Long suggestions:

  • Buy price: Buy orders can be set between 3250 and 3300 points, which is close to the support level.

  • Stop loss price: The stop loss level is set below the support level. It is recommended to set it at 3150 points to avoid losses caused by the price continuing to fall after breaking the support level.

  • Target price: The first target can be set at the recent high of 3500 points; if this resistance level is broken, the second target can be set at 3600 points.

Short selling advice:

  • Sell ​​price: If the price rebounds to the resistance level between 3500 and 3550 and fails to break through, you can consider setting a sell order in this range.

  • Stop loss price: The stop loss level is set above the resistance level. It is recommended to set it at 3650 points to prevent losses caused by the price continuing to rise after breaking through the resistance level.

  • Target price: The first target is set at 3400 points; if it falls below the 3300 support level, the second target can be set at 3200 points.
    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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