The current price of Ethereum is around 2490. Consistent with the previous analysis, the price fell back to the neckline after breaking through the key pressure level, and continued to hold. From 2300 to 2490, there has been an increase of more than 180 points. You can choose to leave at any time, but there is no need to rush to take profits. The space above has not been completely completed. Don't always think about guessing the top, and don't stick to the highest point to take profits. It is recommended to lock in profits during retracement, so that profits continue to grow, and the rest will be verified by time.
From the current market, the daily K-line continues to hit new highs, reaching a maximum of 2495 points, which is very close to the upper EMA15 trend pressure level of 2485. Whether it can break through 2500 is still unknown. MACD shows that the volume is shrinking and the chips are increasing. DIF and DEA are shrinking near the 0 axis. The market has entered a polarization, showing a high-level sideways oscillating upward trend. The pressure level of the middle track of the Bollinger Band is 2525 points, and the support level below is 2285 points. The KDJ indicator shows a contraction and a trend of forming a golden cross. If the price breaks through the key pressure level of 2500, it is recommended to continue holding.
The four-hour K-line has just broken through the pressure level of EMA30 at 2438. Next, we need to observe whether EMA30 can be stabilized and the next resistance point EMA60 can be hit. MACD continues to increase in volume, the market turnover rate is high, and the trading volume is gradually increasing. At the same time, DIF and DEA began to spread upward from the bottom of the 0 axis. Although the upward channel is relatively slow, it is stable. Therefore, it is recommended that longs continue to hold and consider short orders when waiting for the key resistance level. At present, the main focus is on retracement and longs.
Short-term advice: Always put safety first. The market is not 100% certain, so you must set a stop loss. Small losses and big profits are the goal.
Continue to hold the long orders below.
Upper target: consider short positions at 2600 to 2620 points, with the defense point set at 2670, cover short positions, and target 2400 to 2350. If it breaks, look at 2300, and set the stop loss at 50 points.
