Coin Circle Liying: Market interpretation of Ethereum’s $2,730 position on 8.25, a must-read for the latest reference recommendations

Let’s look at the market first. The current price of Ethereum is 2730. Then from the price trend analysis, the current K-line pattern has been in the range of 2700 to 2800 in the near future. A long Yang line appeared on the 23rd, breaking through the previous high, but then the price pulled back, indicating that there was greater pressure above. Looking at the technical indicator MACD, both DIF and DEA are currently above the zero axis, and the MACD histogram is positive, which indicates that the market is in a bullish state, but the momentum has weakened. Let’s look at the RSI indicator again: the RSI14 value is close to 60 and has not yet entered the overbought zone, indicating that there is still room for growth, but we need to be wary of the risk of a correction.

The trend indicator EMA currently shows EMA7 (2751.67) > EMA30 (2690.59) > EMA120 (2711.99). The short-term moving average is above the long-term moving average. The overall trend is good, but it may face adjustments in the short term. Let’s look at the trading volume of the handicap

The trading volume on the 24th increased significantly, reaching 747,546, indicating an increase in market activity. However, the trading volume on the 25th fell back to 194,799, indicating that the wait-and-see sentiment in the market has intensified. In the short term, the market will go sideways, and the long and short fluctuations will become smaller. It is suitable for swing trading. It is recommended to go short on highs and long on lows. Short idea, the point is around 100 points

The super short ideas are as follows:

Go long one: 2700

Go long 2: 2650

Long stop loss point: 2625

Short point one: 2800

Short selling point 2: 2850

Short stop loss point: 2875

The above is a brief analysis of the current market conditions for investors' reference. Over the past ten years, Liying has continued to explore and experience hundreds of various digital assets. In this process, Liying has experienced the glory of the bull market and the darkness of the bear market, stumbling along the way, and accumulated countless precious experiences and profound lessons. As a female trader working hard in this challenging field, Liying feels deeply responsible to share her insights, hoping to help other people with dreams to find their own path in this volatile market. location to start your own journey to success.

The content of this article is real-time and is for reference only. Please bear your own risk.