【ETH】Clinton Daily Analysis June 29

24-hour trend [down]

【Buy and sell points】

Buy point 1: 3300 USDT (close to the previous low area, may form support)

Buy point 2: 3250 USDT (further explore to a stronger support level, while considering the integer level)

Long stop loss point: 3200 USDT (if it falls below this position, it indicates that the support is invalid and it is necessary to stop loss and exit)

Sell point 1: 3500 USDT (close to the previous high area, there is a large selling pressure)

Sell point 2: 3600 USDT (after breaking through the previous high, the upper pressure increases)

Short stop loss point: 3650 USDT (if it breaks through this position, it indicates that the upward trend is established and it is necessary to stop loss and exit)

【Price trend analysis】

K-line pattern:

The recent K-line shows large fluctuations, especially the long lower shadow on June 24 and the big positive line on June 27, indicating that there is a fierce competition between long and short in the market. The closing price of 3385.94 on June 29 is close to the previous low area, forming a potential support level.

Technical indicators:

MACD: Both DIF and DEA are negative and the MACD histogram continues to be below the zero axis, indicating that the current market is weak, but there are signs of gradual shrinkage, which may indicate a rebound opportunity.

RSI: The current value of RSI14 is 42.39, close to the oversold range but not entering it. There may be a technical rebound in the short term.

EMA: EMA7 (3410.57) < EMA30 (3496.93) < EMA120 (3309.71), showing a short arrangement, and the overall trend is still bearish. The current price is below EMA7, indicating that the short-term pressure is relatively large.

Trading volume:

The trading volume on June 28 was 2082751, which was significantly higher than the previous few days, indicating that the selling pressure on that day was heavy. The trading volume on June 29 was 538887, which was relatively reduced, indicating that the market wait-and-see sentiment increased and the long and short sides were temporarily balanced. $ETH #以太坊ETF批准预期