7.11 Ethereum midday market analysis and operation ideas

In the early morning, the price of Ethereum has been in a narrow range of fluctuations, and there has not been much change in technical indicators. From the perspective of daily technical indicators, the KDJ technical indicator is a golden cross and the three lines turn upward. The DIF and DEA technical indicators in the MACD technical indicator are working together to press upward. At the same time, the BOLL technical indicator is running in the middle track area and the current price is running in the middle track area. The MA5 daily moving average continues to press upward. The current Ethereum price is also above the MA5 daily moving average, showing a green TD3 bullish arrangement, so the intraday operation ideas remain unchanged, and it is recommended to continue to focus on retracement and long positions.

From the 4-hour technical indicators, the KDJ technical indicators and the MACD technical indicators are in a golden cross upward posture. At the same time, the ultra-short MA5-day moving average and the MA10-day moving average continue to strengthen, which also indirectly shows that the short-term bullish trend continues to strengthen. Therefore, the operation ideas for today's noon and evening remain unchanged. It is recommended to continue to focus on retracement and long positions.

Ethereum: 3115-3075 near split positions to go long. Stop loss: 3046. Target: 3160-3220

Bitcoin: 58100-57600 near split positions to go long. Stop loss: 56800. Target: 58800-59600#BTC #ETH $ETH