7.29 Ethereum midday market analysis and operation ideas
From the weekly technical indicators of Ethereum, the KDJ technical indicator is in a narrow range of fluctuations, the DIF and DEA technical indicators in the MACD technical indicator continue to fluctuate downward, and the short volume is shrinking. The MA10-day moving average is also in a continuous downward pressure, and the MA30-day moving average continues to strengthen. At 8 o'clock this morning, the Ethereum price once again stood above the MA5-day moving average and was in the green TD1 rebound signal. As for whether the bulls can continue to rise, it depends on whether they can effectively break through the pressure above the MA10 moving average.
From the perspective of 4-hour technical indicators, KDJ technical indicators and MACD technical indicators are in a state of short-term shrinkage, BOLL technical indicators are running in the middle track area and have the sign of breaking the lower track, and the ultra-short MA5-day moving average and MA10-day moving average are glued together and flattened. From the overall perspective, the daily technical indicators are still strong, but the high pressure level is still under strong pressure, so from a short-term perspective, there is still room for retracement. For the operation ideas at noon and evening, it is recommended to still focus on rebound shorting #BTC #ETH $ETH
