8.23 Ethereum midday market analysis and operation ideas
Today, the price of Ethereum has been in a sideways fluctuation stage, but since the Ethereum price bulls started to rush up to 2691 at noon, it began to fluctuate. The current price is running at 2670. From the perspective of daily technical indicators, the MA30 daily moving average and the BOLL technical indicator are still in a coordinated downward pressure state, and the KDJ technical indicator and the MACD technical indicator are in a narrow range of fluctuations. At the same time, the MA three-day moving averages are glued together and pressed down. In fact, from the perspective of this market fluctuation, it is not very large. It has been fluctuating in the range of 2500-2600. If the 2500 line is effectively broken below, the price of the currency will definitely fall to the 2365-2253 line. On the contrary, the price of the currency will break upward. From the perspective of the weekly and monthly lines, today's operation ideas are still recommended to be mainly rebound shorting. On the one hand, it is also considering the reasons for the market makers to protect the market. On the other hand, the current weekly trend is very bad. Of course, friends who have short orders can continue to hold.
Ethereum: Shorting near 2670-2685, stop loss: 2732, target: 2600-2560
Bitcoin: Shorting near 61100-61500, stop loss: 61900, target: 60300-59600#BTC #ETH $ETH
