Yesterday, Ethereum entered the market with long orders near 2600-2620. The target point has been reached, and conservative investors can exit with profits! The current ETH price is at a relatively low level, and shows certain signs of rebound. It is expected to rise further to above 2700 in the short term!
From the current four-hour Bollinger Bands of Ethereum
【Price trend analysis】
K-line pattern:
Recently, the price has shown an upward trend with fluctuations, the lows have gradually increased, and the highs have been continuously broken. There are many long positive lines, indicating that the buying power is strong.
Technical indicators:
MACD: The averages of DIF and DEA are upward, and the MACD histogram turns from negative to positive, indicating that the market is in a bullish trend.
RSI: The RSI14 value is 63.33, close to the overbought area but not fully entered, indicating that the upward momentum still exists.
EMA: The short-term EMA7 (2651.12) has crossed the medium-term EMA30 (2617.26) and is far away from the long-term EMA120 (2517.58), forming a bullish arrangement, supporting continued bullishness.
Volume:
The trading volume of the last few K-lines has increased significantly, indicating that funds are actively entering the market. The trading volume, coupled with the price increase, verifies the current upward trend.
9/27 Ethereum short-term stable profit layout!
It is recommended to enter long orders near 2660-2680 of Ethereum, and the target point is above 2700. If it stabilizes at 2700, continue to hold it for a long time. If it fails to stabilize, lock in profits in time. The next operation is to short in the opposite direction!
If there is a pullback, it is recommended to add to the position near 2630, the target remains unchanged!
