5.29 Ethereum midday market analysis and operation ideas

After Ethereum bulls rose to the highest level near 3890 at noon today, they began to fluctuate in a narrow range. From the perspective of daily technical indicators, the KDJ technical indicator and the MACD technical indicator are shrinking, but the BOLL technical indicator is showing signs of opening upward. At the same time, the MA three-day moving averages are arranged and rising at different amplitudes. At present, the Ethereum price has stabilized above the MA5-day moving average and is in the green TD4. From the comprehensive perspective of daily technical indicators, the daily technical indicators are still dominated by bulls.

From the 4-hour technical indicators, the KDJ technical indicators and MACD technical indicators are in a state of long shrinkage, but the BOLL technical indicator is still in a strong state. According to the current trend of technical indicators, the weekly technical indicators of Ethereum have a certain gap. As for when the weekly gap will be technically repaired, it depends on when the daily MA5 daily moving average support level can be effectively broken. At the same time, there will be a round of falling sentiment in the weekly gap, but this round of retracement sentiment is just a technical indicator repair. This technical repair can be understood as a preparation for subsequent rises.

Ethereum: 3840-3805 line long stop loss: 3767 target: 3920-3960

Bitcoin: 68100-67500 line long stop loss: 66700 target: 69200-70300#ETH #BTC $ETH