2.14 Coin Circle Mr. Coin: Ethereum (ETH) Market Analysis Reference
Although Ethereum rebounded yesterday, the upward momentum weakened afterwards, and the market has not stabilized for another attack. The current trend is a high pullback, with the price running around the 2640 position. The short-term trend is relatively weak, and the lower gap has already opened. The coin price has fallen below the 4-hour Bollinger middle line, forming a suppression. There is a possibility of further downward pullback support in the future, so it is advised that everyone prepares early. During the day, Ethereum's trend shows a fluctuating downward trend, so the strategy suggests mainly short positions with weak support, supplemented by long positions. The upper resistance focuses on the 2700 line, while the lower support focuses on 2580, followed by 2520.
2.13 Short-term Reference for Ethereum:
Short positions: 2720-2680 short, stop loss at 2850, take profit: below 2630,
Long positions focus on the 2450-2480 range, stop loss 50 points, target above 2500,
The message may be delayed, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how high the confidence in market judgment is, stop-loss and take-profit must be handled well. Lock in profits for safety
#ETH #ETHETFS #ETHFI #BTC #BTC走势分析