《ETH July 8th early morning: continued to fluctuate and fall, waiting for the weekly closing》
Ethereum failed to achieve an effective breakthrough when it touched 3080, and then the price of the currency showed an adjustment trend of falling after touching the pressure.
From the daily level, the KDJ and MACD indicators show that the short-selling force has increased and the volume has increased, and the price of the currency has tried to break through the lower track of BOLL.
At the same time, the MA three-day moving averages in the main chart are arranged in a short position. This shows that the main idea of the current daily line should be based on high altitude.
At the 12-hour level, the DIF in MACD turned down again, and there is a trend of forming a second dead cross at the bottom of the water.
The BOLL indicator shows that the price of the currency continues to weaken, and the lower track continues to open downward.
In the main chart, the MA10 and MA30 daily moving averages have increased their downward pressure. The price of the currency has fallen below the MA5 daily moving average again under the pressure of the MA moving average, and a red TD1 downward signal has appeared, and this signal is likely to have stabilized.
On the whole, it is expected that the overall trend of the Ethereum currency price will continue the intraday volatile downward trend.
The key support of the lower low point can refer to the 2870-2763 area, which is the key support price area of the weekly low point.
Since tomorrow is the closing of the weekly line, it is recommended to wait for the weekly line to change K before determining the specific direction. It is recommended to keep short positions as much as possible and wait for the weekly line to be updated before considering entering the market. This is relatively safer.
