【ETH】Clinton Daily Analysis June 3
24-hour trend [up]
【Buy and sell points】
Buy point 1: 3750 USDT (near the previous low, there is strong support)
Buy point 2: 3700 USDT (integer mark, close to the lowest point of 3627 on May 24, with strong buying)
Long stop loss point: 3650 USDT (below the previous low of 3627, to prevent false breakthroughs)
Sell point 1: 3900 USDT (integer mark, close to the recent high of 3980, there is selling pressure)
Sell point 2: 3950 USDT (close to the historical high of 3980, there may be greater selling pressure)
Short stop loss point: 4000 USDT (above the integer mark, to prevent false breakthroughs)
【Price trend analysis】
K-line pattern:
The recent price has shown a fluctuating upward trend, with the highest point reaching 3980 (May 27) and the lowest point being 3627 (May 24). The emergence of multiple long lower shadows and long upper shadows indicates that there is strong buying and selling pressure in the market.
Technical indicators:
MACD: Both DIF and DEA are above the zero axis, and the MACD histogram continues to be positive, showing that bullish forces are dominant. RSI: The RSI14 value is around 65, close to the overbought zone, but has not entered the extreme overbought state, and there is still room for growth. EMA: The current price is above EMA7, EMA30 and EMA120, and the short-term, medium-term and long-term moving averages are arranged in a bullish pattern, supporting prices to continue to rise.
Trading volume:
The trading volume increased significantly from May 23 to June 2, especially on May 23 and May 20, indicating that the activity of funds has increased. The trading volume has fallen in recent days, but it has remained at a high level overall, indicating that market participation is still high.
