8.16 Ethereum midday market analysis and operation ideas
In the early morning of today, the price of Ethereum also dropped to around 2515, and then the short-selling force weakened, and then began to rebound. The current price has also reached 2600 again. From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator are both in a state of continuous long-term shrinkage, and the BOLL technical indicator is still running in the lower track area and continues to weaken, but the MA5-day moving average and the MA10-day moving average are in an upward state. The indicators here cause delays or lags to a certain extent. Generally speaking, the MA5-day moving average and the MA10-day moving average will resonate with the MA30-day moving average. Therefore, from the perspective of comprehensive daily technical indicators, today's currency price is still mainly fluctuating and falling.
From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are both in a state of long-term shrinkage, the ultra-short-term BOLL technical indicators continue to fluctuate in the middle track area, and the ultra-short-term MA three-day moving averages all maintain a coordinated downward pressure posture. At the same time, the DIF and DEA technical indicators are coordinated downward pressure, so the operation ideas for today's noon and evening are still mainly rebound shorting.
Ethereum: Shorting near 2620-2655, stop loss: 2697, target: 2550-2500
Bitcoin: Shorting near 58400-58900, stop loss: 59600, target: 57300-56800#BTC #ETH $ETH
