Li Shengting: 1.10 Ethereum midday market analysis and operation ideas
During the early hours of this morning, the price of Ethereum quickly dropped to around the 3157 line. From the current point of view, the decline is relatively large. It also rebounded smoothly to the 3300 line in the second half of the night. Judging from the daily technical indicators, KDJ technical indicators and MACD technology The indicator is in the dead cross resonance stage, and the BOLL technical indicator is running in the lower track area but has not linked the short sellers to increase volume. There is still a large technical gap between the MA5 daily moving average and the currency price, and the rise in the second half of the night has not made this gap recover. To supplement, the high point MA30 daily moving average still maintains strong suppression. Judging from the daily line, the general trend is still to maintain short positions. It may be noted that the currency price may undergo a technical rebound in the short term.
Judging from the 4-hour technical indicators, the KDJ technical indicator and MACD technical indicator showed a short shrinkage trend, and the BOLL technical indicator changed from the lower track area to the middle track area, but did not link the long positions. The MA5 daily moving average and the MA10 daily moving average were short. Suppression continues to weaken, so from a short-term perspective, there is a high probability that the currency price will undergo a round of rebound technology to repair the gap at noon and evening, so we still see a shock rebound and upward movement at noon and evening.
Ethereum: Divide positions into long positions around 3300-3275. Stop loss: 3237. Target: 3360-3400.
The above personal evening market analysis is for your reference only $ETH