$ETH Real-time data from the beginning of the month to today, the entire block center has been showing data showing that unknown wallets continue to buy ETH. The amount is not large, but the accumulated amount is indeed very scary. It is not ruled out that some capital adopts the method of breaking up the whole into parts to buy. Therefore, there is a high probability that there will be a wave of liquidation after the middle of the month. This requires everyone's main force. Academicians are more inclined to liquidate short positions and reverse stretch. No matter which one has nothing to do with us, just do what we should do and earn what we know.
2024.9.12 Ethereum (ETH) latest market analysis Analysis Reference
The current price of Ethereum is around 2350, the daily K-line is as high as 2390 and as low as 2280. The daily K-line has stepped back to the neckline. It has returned to the upper EMA15 trend fast line pressure level in the box at 2415. If the daily K-line holds 2330, MACD will start to increase in volume and the golden cross below the DIF and DEA0 axis will be formed. At this time, no matter how much or how much the main force of the short is, it is likely to hit the previous high once. As for whether it can break the previous high, it depends on the real-time data of the market. The resistance point of the Bollinger Band is at 2480. KDJ diffusion is blocked and encounters strong pressure. This strong The pressure is in the range of 2400 to 2380. If it doesn't break, it's fine. If it breaks, the strong pressure will become strong support.
The four-hour short-term trend is still consolidating in the box. In the short term, it has been sideways around EMA30 and 15, that is, the range of 2300 to 2380. As mentioned before, it is a sudden pin. It is not good without stop loss. It is easy to be swept. You can't guess the pros and cons when trading. Risk control is the first priority. From the current point of view, the short-term trend of EMA has begun to shrink, and the Bollinger Bands are also turning upward. KDJ shrinks upward and is about to form a golden cross. In the short term, longs can still be held unchanged, and shorts are supplemented with stop losses.
Short-term thinking reference: safety first, remember that the market is not 100% so you must set a stop loss. Safety first, small losses and big profits are the goal.
Lower 2280 to 2300 long, defense 2230 to 2200 to cover long positions, target 2400 to 2450, break to see 2500 to 2550, stop loss 50 points
Above 2480 to 2450 short, defense 2500 to 2520 to cover short positions, target 2400 to 2350, break to see 2300 to 2280, stop loss 50 points
