7.12 Ethereum midday market analysis and operation ideas
Yesterday, Ethereum bulls pulled up to 3200 and then began to fall under pressure. From the perspective of daily technical indicators, the KDJ technical indicator showed a golden cross and the three lines turned upward, the MACD technical indicator was in a state of continuous short-term shrinkage, and the BOLL technical indicator was in the middle track area. The MA5-day moving average continued to press upward, but the MA5-day moving average and the MA10-day moving average did not interact with the bulls. The technical indicators here are in conflict, but overall, as long as the MA5-day moving average continues to rise, Ethereum still has room for growth.
From the perspective of 4-hour technical indicators, KDJ technical indicators and MACD technical indicators are both in a state of small bullish volume, while BOLL technical indicators are in the middle track area and run close to the currency price. The ultra-short MA5-day moving average and MA10-day moving average continue to fluctuate upward, but the high MA30-day moving average continues to weaken. In fact, the trend here is similar to the daily technical indicators, but the ultra-short technical indicators still have the desire to rise. From the ultra-short-term perspective, if the shorts do not break through the MA5-day moving average, the short-term decline will not be too strong. On the contrary, if the MA5-day moving average below is broken, a new round of short sentiment will be ushered in. From the perspective of ultra-short-term, there will be no strong market-smashing sentiment, because the 4-hour technical indicator line Bitcoin price and Ethereum both stand firmly in the green TD9, so the operation ideas for today's noon and evening remain unchanged, and it is recommended to still focus on retracement and long positions.
Ethereum: Long positions near 3070-3035 Stop loss: 3006 Target: 3150-3180
Bitcoin: Long positions around 57000-56500 Stop loss: 55800 Target: 57800-58600#BTC #ETH $ETH
