Analysis of ETH market on September 25, layout in advance, a sharp rise after the interest rate cut of 50 basis points, and it has been fluctuating this week!

Since the sharp rise after the announcement of the interest rate cut, the market has been in a range of fluctuations. Bitcoin has been fluctuating around 63,000, and Ethereum has been fluctuating around 2640. Basically, you can short above and long below, and the fluctuation is not large.

The current trend chart of ETH is shown in Figure 1: As for the trend chart tonight, the general direction is downward, indicating that it is shorting at highs. The better position of the upper trend chart is around 2640, so short near this position or below this position, and look at 2560 below. If this position breaks through, look at the previous low around 2522.

ETH 4-6 hour technical indicators are shown in Figure 2: MACD is bearish. From the indicators, the fluctuation should be large, but the fluctuation is small in the past two days, indicating technical repair or shock adjustment. Then the upper pressure level 2675 is currently an important pressure level, and the lower support level is 2522. The current market is oscillating in this range of 2522-2675. You can focus on the high altitude tonight.

ETH evening strategy: short near 2620-2630, target near 2560, and pin near 2530. The post is effective. Click to follow!