ETH market analysis today:
1. K-line pattern:
- The K-line in the last hour shows that the price has fallen from a high level, forming a continuous negative line.
- On the daily chart, the K-line on September 3 is a large negative line, and the previous day (September 2) is a large positive line, indicating that the market is volatile.
2. Technical indicators:
- MACD: MACD has a dead cross in the 1-hour cycle, and both DIF and DEA are downward, indicating that there is a possibility of further decline in the short term.
- RSI: RSI (14) is at 31.78, close to the oversold area, but has not fully entered. It is necessary to pay attention to whether it will continue to fall or rebound.
- EMA: The current price is lower than EMA7, EMA30 and EMA120, and the three moving averages are in a short position, indicating that the overall trend is bearish.
3. Trading volume:
- The recent trading volume has increased, especially when the price fluctuates violently, such as the large positive line on September 2 and the large negative line on September 3. - The increase in trading volume is accompanied by a sharp change in price, indicating that market sentiment is more intense and there is a clear competition between long and short sides.
【Buy and sell points】
- Buy point 1: 2400 USDT (near the previous low point, there is support at the integer level)
- Buy point 2: 2350 USDT (further down to a stronger support level, in line with an interval of more than 1%)
- Long stop loss point: 2325 USDT (25 USDT below buy point 2, avoid excessive risk)
- Sell point 1: 2500 USDT (integer level, with obvious pressure)
- Sell point 2: 2550 USDT (further up to a higher pressure level, in line with an interval of more than 1%)
- Short stop loss point: 2575 USDT (25 USDT above sell point 2, avoid excessive risk)
