7.17 Ethereum early morning market analysis and operation ideas

Ethereum has been in a unilateral upward trend in the past few days. On the one hand, it is due to the impact of news, and on the other hand, it is the technical trend. From the perspective of daily technical indicators, the KDJ technical indicator shows a long shrinking volume. At the same time, Bitcoin and Ethereum are now standing firmly in the green TD13. According to technical indicators and experience, there will be a round of retracement in the early morning. At the same time, the strong volume of the daily line, today's currency price also has a gap with the MA5 daily moving average, so the trading idea in the early morning is recommended to focus on rebound shorting

From the perspective of Ethereum's 4-hour technical indicators, the KDJ technical indicator and the MACD technical indicator are both in a state of shock adjustment, and the ultra-short-term BOLL technical indicator has a relatively serious break, but the MA30 daily moving average continues to strengthen. From the perspective of the comprehensive daily and hourly lines, Ethereum and Bitcoin are currently lagging indicators, so the early morning operation idea is recommended to focus on rebound shorting

Ethereum: Shorting near 3400-3435 with a split position Stop loss: 3520 Target: 3330-3300

Bitcoin: Short position around 63600-63900 Stop loss: 64600 Target: 63000-62800#BTC #ETH $ETH