Li Shengting: 1.7 Ethereum midday market analysis and operation ideas
Ethereum has been in the box shock stage in the early morning. The currency price is currently running around 3665, while Bitcoin has stabilized above 100,000. The current trend of Bitcoin is very strong, but the Ethereum next door has yet to make up for the increase. At present, there is a high probability that Ethereum is making up for its gains after the short-term shock. Judging from the daily technical indicators, the KDJ technical indicator and the MACD technical indicator still rise in a golden cross resonance, and the BOLL technical indicator shows signs of opening upward. At the same time, The MA three-day moving averages are arranged to rise to varying degrees, so I personally think that the current retracement is relatively stable.
Judging from the 4-hour technical indicators, Bitcoin and Ethereum are currently standing at TD9 simultaneously. This also reminds us that there may be a downward adjustment in the short term. At the same time, the 4-hour trading volume has significantly weakened, so whether Ethereum can stabilize 3650 in the short term is very important. The key point is that I personally believe that Ethereum’s strength is only a matter of time. Therefore, the operating idea remains unchanged at noon today. It is still recommended to focus on retracement and long positions.
Ethereum: Divide positions into long positions around 3665-3630. Stop loss: 3587. Target: 3730-3760.
The above is a personal midday market analysis, for your reference only#BTC重返10万 $ETH