8.26 Ethereum midday market analysis and operation ideas
From the weekly update of Ethereum this week, the KDJ technical indicator and MACD technical indicator are still in the stage of oscillating and weakening, and the BOLL technical indicator is opening to the lower track area, and moving downward as a whole. From the weekly line, the current currency price is running above the MA5-day moving average and a green TD1 rebound signal appears, but the MA5-day moving average and the MA10-day moving average still maintain a downward pressure. From the overall point of view, whether the bulls can stabilize and break through the 2779-2923 line this week is very critical. If the upper side fails to break through effectively, then the currency price will continue to connect the red TD and continue to fall in a short position.
From the daily From the technical indicators, KDJ and MACD are still in the oscillating stage, but the ultra-short-term bullish volume has shrunk, and BOLL is still in the oscillating and flat stage. MA5 and MA10 are rising together, but the high MA30 is still keeping a downward pressure. Overall, as long as the MA30 cannot break through and stabilize above, Ethereum will still be suppressed and fall. At the same time, Bitcoin is stronger than Ethereum in the near future, so the gap of Bitcoin's weekly MA5 is larger than that of Ethereum. Therefore, it is recommended to continue to short on rebounds, and short orders can continue to be held.
Ethereum: Short position around 2740-2775, stop loss: 2827, target: 2700-2650
Bitcoin: Short position around 63800-64300, stop loss: 64800, target: 63000-62600#BTC #ETH $ETH $BTC
