Ethereum showed an upward fluctuation on September 25. Yesterday, Liying predicted sideways movement, and now Ethereum is priced at 2660, just 10 points higher than yesterday’s 2650. It seems the market hasn’t moved much, but Liying’s target of 2620 was hit yesterday. Currently, there is a small 40-point gap, with a new target of 2700 in sight. The market is trending upward between 2600 and 2700, with support holding strong as shown by K-lines with long lower shadows.
Looking at technical indicators, the MACD shows that DIF and DEA are flattening, and the histogram has turned positive, suggesting the market has stabilized. This hints that the sideways trend might be ending soon, and we should see a clear direction. RSI14 is hovering around 60, indicating the market could remain volatile in the short term, but this seems unlikely. The EMA trend also supports a bullish outlook, with EMA7 above EMA30, which is above EMA120, meaning short, medium, and long-term moving averages align for upward movement.
Today's key points for bulls:
- Long position at 2600, with a cover point at 2550 and a stop-loss at 2520. Target 2700.
- Short position at 2700, with a cover point at 2750 and a stop-loss at 2780. Target 2600.
Liying believes that 2600 has strong support, making it a good entry point for bulls, with good stop-loss protection. Meanwhile, 2700 has proven to be resistance twice before, making it a good level for shorting.
This analysis is for reference only; trade at your own risk.#Write2Earn! #ETHETFsApproved #Write2Earn! #ETH🔥🔥🔥🔥
