7.30 Ethereum midday market analysis and operation ideas
Ethereum showed a new round of retracement in the early morning of today. It fell to 3256 and then rebounded quickly. From the perspective of daily technical indicators, the strength of Ethereum's short-selling decline is likely to repair technical indicators. The three lines of KDJ technical indicators in the daily line turned upward, and the MACD technical indicator was in the stage of long-term slow volume increase. At present, the price of Ethereum has rebounded again to above the MA5 daily average line, and MA10 has cooperated with the upward pressure. The high point MA30 daily average line continues to strengthen. From the perspective of daily technical indicators, the trend is biased towards long positions to a certain extent.
From the 4-hour technical indicators, the KDJ technical indicator is in a golden cross upward posture, the DIF and DEA technical indicators in the MACD technical indicator are in a golden cross at the bottom of the water, the BOLL technical indicator is in a whole track with the price of the Chinese currency, the ultra-short MA5-day moving average and the MA10-day moving average continue to strengthen, and the high MA30-day moving average continues to press upward, so the operation ideas for today's noon and evening remain unchanged, and it is recommended to focus on retracement and long positions
Ethereum: 3330-3285 near the first-line long position stop loss: 3241.7 Target: 3380-3400
Bitcoin: 66800-66200 near the first-line long position stop loss: 65600 Target: 67800-68600#BTC #ETH $ETH
