9.3 Ethereum midday market analysis and operation ideas
Ethereum bulls rebounded to 2565 this morning, and then began to fall under pressure after touching the upper pressure level. From the perspective of daily technical indicators, KDJ technical indicators and MACD technical indicators are still in a state of oscillation and flattening, and the entire BOLL technical indicator track remains in an oscillating downward state. All MA moving averages maintain a downward pressure posture and are arranged to fall to varying degrees. At the same time, the rebound strength this morning did not stabilize the currency price and break through the upper pressure level. Therefore, we still recommend rebound shorting at noon and in the evening.
From the perspective of 4-hour technical indicators, KDJ technical indicators and MACD technical indicators are in the middle axis area for oscillation and downward pressure, and the entire BOLL technical indicator track is in the lower track area. The MA5-day moving average and MA10-day moving average have changed from the original upward posture to a slightly downward posture, and the MA30-day moving average continues to suppress downward. Therefore, on the whole, the operation ideas for today's noon and evening remain unchanged, and it is recommended to still focus on rebound shorting.
Ethereum: Shorting in the area around 2500-2545 Stop loss: 2587 Target: 2450-2400
Bitcoin: Short position in the area around 58800-59500, middle 60200 Target: 58000-57600#BTC #ETH $ETH
