Interpretation by academicians in the cryptocurrency circle: 8.29 Analysis of the latest trend of Ethereum, the emergence of key indicators is both a risk and an opportunity

The current market of Ethereum has finally ended the situation of following the decline but not the rise, and has begun to repair sideways. The daily K-line has begun to close positively. The overall trend may be reversed. The downward diffusion of the EMA trend indicator has ended. If it will not be adjusted and stretched, it is likely to be sideways. The MACD technical indicator has reduced volume, DIF and DEA have shrunk above 85, the Bollinger Bands have shrunk downward, and the K-line has continuously stood on the lower track of the Bollinger Bands at 2470 support. KDJ has spread downward. Although the market cycle is empty, there are signs of stopping the decline. At this time, it is not recommended to chase the empty. You can wait for the retracement to empty, or find a position to test the long position

The four-hour K-line has obviously turned back, and the upper resistance point is near 2600. If it cannot go up, it will go sideways. MACD began to shrink and increase funds, and the bullish trend began to strengthen. After the Bollinger Bands spread, the K-line left the lower track 2400 and began to rise close to the middle track 2630. The technical indicator KDJ formed a golden cross. The short-term trend is currently entering the box and starting to shrink. If the previous high is not broken, a short-term layout can be made. If the support below is stepped back, Go long later, be prepared with both hands

Short-term ideas for reference:

Short in batches from 2600 to 2650 above, stop loss at 2700, target at 2530 to 2480, break at 2450

Buy from 2400 to 2420 below, defend at 2350 to 2370 to cover long positions, stop loss at 2330, target at 2500 to 2600, break at 2650

Specific operations are based on real-time market data. For more information, please contact the author. There is a delay in the release of the article. The suggestion is for reference only and the risk is borne by the user

The fundamental of trading is life First, save, and then the income. So before each operation, think clearly whether your operation is reasonable and whether the principal is safe. You must form a set of trading ideas of your own and continuously optimize and improve them. Although the suggestions of the currency circle academicians cannot make you rich overnight, they can always be with you. Only those who survive in the currency circle for a long time and persist to the end can get the results they want. I hope you can understand. I am a currency circle academician, a warrior who has been protecting leeks. I wish my fans to achieve financial freedom in 2024. Come on! $ETH #ETH合约波段 #ETH合约 #ETH🔥🔥🔥🔥 #ETH收益 #ETH大涨