【ETH】Clinton Daily Analysis June 24

24-hour trend [down]

【Buy and sell points】

Buy point 1: 3300 USDT (close to EMA120 support level, strong support at integer level)

Buy point 2: 3200 USDT (near the previous low point, expected to form a double bottom structure)

Long stop loss point: 3150 USDT (break through the previous low point, confirm the downward trend)

Sell point 1: 3500 USDT (close to EMA30 pressure level, there is selling pressure at the integer level)

Sell point 2: 3600 USDT (near the previous high point, may encounter greater selling pressure)

Short stop loss point: 3650 USDT (break through the previous high point, confirm the upward trend)

【Price trend analysis】

K-line pattern:

The recent K-line shows a volatile downward trend, and the price has gradually fallen from the highest point of 3892.06 to 3370.25. The emergence of multiple long upper and lower shadows indicates that there are large differences in the market, and the long and short sides are competing fiercely.

Technical indicators:

MACD: DIF and DEA form a dead cross below the zero axis, and the MACD histogram continues to be negative, showing an obvious short trend. RSI: RSI14 value is 38.88, close to the oversold area, but has not yet entered the extreme oversold state, and there may be a rebound demand in the short term. EMA: EMA7 (3465.57) < EMA30 (3538.12) < EMA120 (3302.52), the moving average system shows a short arrangement, and the short-term and medium-term moving averages diverge downward, confirming the current downward trend.

Trading volume:

The trading volume has decreased in recent days, from a high of 2504863 to 837653, indicating that the market participation has decreased and the wait-and-see sentiment is strong. After the large-volume rise on June 19 and 20, it immediately turned to a small-volume adjustment, indicating that the capital inflow is unstable and lacks sustainability. $ETH