Coin Circle Liying: Ethereum faces a choice on October 3! Will it rebound? Or will it bottom out again? Latest market analysis

Article release time 2024.10.3-14:25

Generally, after a unilateral market, there will be a long period of sideways state, especially the trend of Ethereum that cannot fall after each bottoming out at 2300. It is not difficult for Liying to judge that this time the market will also be sideways, especially it has been testing back and forth below 2400. First of all, Liying will give you a reference from the price trend analysis.

First, let's look at the four-hour K-line pattern of the market, which shows an obvious downward trend. In the sharp decline on the 1st and 2nd, a long negative line was formed. There was a certain degree of rebound on the 3rd, but the overall situation is still in a low-level oscillation state. Technical indicator MACD: The current MACD histogram is in the negative area, and DIF and DEA are both diverging downward, indicating that the short-selling force is strong. Then look at the RSI value close to 30 and enter the oversold range, so Liying judges that the market will have a technical rebound, but be wary of continued weakness

The trend indicator short-term EMA7 has crossed the long-term EMA30 and 120, indicating that the market is short in the short term. The current price is running below EMA7, which has certain pressure. In addition, the trading volume from 01 to 02 has increased significantly, accompanied by a sharp drop in prices, indicating heavy selling pressure. At this time, Liying believes that the market sentiment tends to be cautious, and the wait-and-see atmosphere is strong. It is more like doing bands.

Today's latest point reference: (horizontal)

Long point 2300, cover point 2250, stop loss 2220, target 2400

Short point 2500, cover point 2550, stop loss 2580, target 2400

Reason: After the unilateral trend, the market sentiment needs to be repaired sideways. Stabilizing the market is a common trend, so Liying uses conventional thinking to judge. The content of the article is real-time and is for reference only. Risks are borne by yourself. The above analysis is based on the conclusion drawn by Liying based on the trend analysis of market data and market quotation. It is for reference only. $ETH #ETH合约 #以太坊合约 #ETH收益 #ETH投资 #ETH大涨