2024.8.26 Let's talk about the Ethereum market

Ethereum can no longer be judged by the same way as Bitcoin. As long as it does not make up for the rise, it is basically half-baked. The market fluctuations are getting smaller and smaller. Last week, the highest impact reached 2820. It followed the decline but not the rise. The daily K-line stood at 2350 on the 8th and stretched to above 2550. It has been sideways for half a month. Now the second-level jump has reached near the 2750 opening. Whether it can achieve a triple jump to 3000, it is likely to be sideways this week.

The daily K-line EMA trend indicator has just ended the downward network short position and began to shrink. The EMA15 pressure has become support and is guarded at 2700. The KDJ diffusion trend is blocked at 2820. The Bollinger Bands have begun to shrink. It is very difficult for the K-line to make a U-shaped transition. Therefore, the possibility of stepping back to 2550 this week cannot be ruled out. MACD has continued to increase its volume. From the overall trend, the bullish trend has not yet been completed. The idea is to step back more.

The short-term 4-hour K-line is in the rising flag stage. Now the top is in a semi-breakthrough state. In order to avoid missing the opportunity to get on the train, you can only get on the train with a stop loss. All indicators began to shrink. Only the top pressure of the Bollinger band opening was raised to 2840, and the middle track support came to 2720. The top of the two-hour K-line diverged, the K-line pulled up, and the MACD spread downward. All indicators shrank to the extreme. The market will either consolidate to the end of the monthly line, or it will have to liquidate a wave. The idea is mainly low and long!

Support 2700-2720 range, pressure 2800-2820